Muhith wants more Saudi investments

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investments

MNA Business Desk: Finance minister AMA Muhith on Tuesday sought more Saudi Arabian investments in infrastructure, power and other sectors in Bangladesh, saying the government is providing all sorts of supports to the investors.

“Since 2015, there is an investment friendly environment in the country. Earlier, Foreign Direct Investment (FDI) was US$1.2 billion, but now it is $2.2 billion,” he told newsmen after a meeting with a Saudi Arabian business team at the commerce ministry in the city.

Among others, commerce minister Tofail Ahmed also attended the meeting and briefed the newsmen over the outcome.

Executive president of the International Marketing Investment Company Limited Moshabab Abdullah Alkahtani led the Saudi delegation.

Muhith urged the authorities concerned to take necessary steps for diversifying export market in the Kingdom of Saudi Arabia (KSA) for reducing the trade gap between the two countries.