Welcome to Business Outlook
Related Articles
Bangladesh is going to send a list of six projects to the Saudi government, including the Dhaka-Barishal-Payra rail link project, in the first phase seeking investment.
The decision came at an inter-ministerial meeting at the National Economic Council with Finance Minister AHM Mustafa Kamal in the chair yesterday
The others are on the Dhaka-Chattogram-Cox’s Bazar rail link, aircraft maintenance and repair facilities in Lalmonirhat, upgradation of state-owned mobile operator Teletalk’s services, and two private funds — investment support fund and portfolio investment.
In March this year, a high-powered 32-member Saudi business delegation headed by two Saudi ministers visited Bangladesh when the host side sought investment in 17 projects involving $35 billion.
A senior finance ministry official said the proposals for the other projects would also be sent soon.
Majed Bin Abdullah Al-Qasabi, commerce and investment minister, and Mohammed bin Mezyed Altwaijri, economy and planning minister, led the delegation and held talks on March 7 to look for opportunities in different sectors.
The meeting decided to form a joint working committee headed by a senior Saudi minister.
The Saudi government is schedule to decide on the projects to invest in consultation with this committee.
Bangladesh has already formed two high-powered committees to monitor the progress of proposed Saudi investment. One is headed by the finance minister and the other by Nojibur Rahman, principal secretary to the prime minister.
source (TDS)
