KSA interested to invest in Bangladesh's energy, port sectors

Foreign Minister AK Abdul Momen has said Saudi Arabia is interested to invest in Bangladesh's energy and port sectors.

Momen spoke to the journalists Saturday after a meeting with the visiting Saudi Minister of Commerce and Chairman of General Authority of Foreign Trade Majid bin Abdullah Al-kassabi on the sidelines of the Bangladesh Business Summit 2023 at Bangabandhu International Conference Center in the capital.

"The Saudi Arabian side said they believe in action, not just words. And they have already undertaken a few projects in Bangladesh, including one in Patenga on government land," the foreign minister said.

"We have also offered a special economic zone to them for another project in Chattogram. They said they would start working on it very soon," Momen added.

The commerce minister of Saudi Arabia arrived in Dhaka Friday to attend the Business Summit and to discuss bilateral, commercial and global issues with Bangladesh leadership.

The minister is leading a 20-member high-level delegation.  A 35-member business delegation is also accompanying him.

This visit is expected to impart further momentum to the bilateral and trade relations between Bangladesh and Saudi Arabia, said the Ministry of Foreign Affairs.