Saudi to invest $50 bn in Bangladesh

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PV Desk : Saudi Arabia has proposed to invest $50 billion in the private sector of Bangladesh. The businessmen of Saudi Arabia will make the investment in a special economic zone, a fertilizer factory, power plant, solar panel and solar electricity plants.
A 21-member delegation of Saudi Arabia’s International Marketing Investment Company Group Limited led by its Executive President Moshabab Abdullah Al Qahtani made the proposal after visiting Bangladesh from Dec 4th to 7th.
During the visit here, they hold bilateral meetings with Finance Minister AMA Muhith and Commerce Minister Tofail Ahmed. They also hold meetings with some business organizations too.
The Commerce Ministry informed that though the location of special economic zone at Chittagong and Fertilizer factory in Bhola were finalized, the location of solar electricity plant is yet to be finalized.