Tofail seeks Saudi investment

Commerce Minister Tofail Ahmed on Tuesday urged entrepreneurs of Saudi Arabia to invest in Bangladesh.


The minister made the plea during a meeting with Saudi Business delegation led by Moshabab Abdullah Alkatani, executive president of International Marketing Investment Company Group Limited of Saudi Arabia, at the secretariat in the morning while Finance Minister AMA Muhith was also present.


Tafail said, “Saudi Arabia can avail itself of the tax- and quota-free benefit by investing in Bangladesh. We have one hundred economic zones where Saudi Arabia can invest.

We shall provide them assistance and all kinds of support.”


Meanwhile, the Finance Minister AMA Muhith said, “We (Saudi-Bangladesh) have completed enough agreements, now we are expecting expansion of trade between the two friendly countries.


“We are hoping that the trade agreements between the countries should be structural which can lead to more expansion and bring diversification in future”, he continued.


Source: UNB

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