Saudi Arabia signs several deals with Bangladesh

Saudi Arabia has signed with Bangladesh two agreements on solar energy and electric transformers, in addition to four memoranda on packaging, food, cable manufacturing and fertilizer production as well as medical training.

During a meeting on Sunday between the Saudi delegation and Bangladesh Prime Minister Sheikh Hasina Wajed, the Saudi minister of commerce and investment, Majid bin Abdullah Al-Qassabi discussed methods to increase cooperation between the two countries.

They also reviewed investment opportunities and ways to streamline and simplify greater private sector expansion, Arab News reported.

A consultative meeting was also held during the visit, presided over by Al-Qassabi, and attended by Bangladesh’s Finance Minister Mustafa Kamal. 

The two sides agreed during the meeting to form a joint working group to establish a Saudi-Bangladeshi Business Council.

The Saudi government delegation included representatives from a number of ministries, in addition to envoys from the Public Investment Fund, the Saudi Fund for Development, and major Saudi private companies.