Bangladesh Bank Governor Ahsan H. Mansur has emphasized the need for joint initiatives in the financial sector between Bangladesh and Saudi Arabia to reduce the cost of sending remittances and increase investment.
He said, “If the financial institutions and central banks of the two countries work together, it will be possible to reduce the cost of sending remittances to a great extent.”
He made these remarks as the chief guest at the ‘Saudi Arabia-Bangladesh Business Summit’ organized by the Saudi Arabia-Bangladesh Chamber of Commerce and Industry (SABCCI) at the ballroom of Hotel Sheraton in the capital today (October 7, 2025).
Governor Ahsan H. Mansur also said, “Bangladesh’s economy has already crossed half a trillion dollars. We are moving towards a trillion dollars. Despite global uncertainties, our growth has never been negative. We urge Saudi investors to seriously consider long-term investment opportunities.”
The summit was attended by businessmen, policymakers, economists and investment experts from both countries.
SABCCI President Ashraful Haque Chowdhury presided over the event. BNP Standing Committee member and former Commerce Minister Amir Khasru Mahmud Chowdhury inaugurated the product exhibition.
Speaking as a special guest, Amir Khasru Mahmud Chowdhury said, “Martyred President Ziaur Rahman laid the foundation for Bangladesh’s relations with the Middle East. It was on his initiative that the sending of expatriate workers officially started, the benefits of which we are getting today in remittances. If we emphasize skill development, it is possible to increase remittance income many times over.”
He also said, “Saudi Arabia’s huge investment fund can play an important role in Bangladesh’s capital market. This will not only strengthen the economy of Bangladesh but also the business relations between the two countries.”
SABCCI President Ashraful Haque Chowdhury said, “After 53 years, the joint chamber of commerce has been formed with Saudi Arabia, which is a new chapter in the relations between the two countries. In addition to increasing exports of garments, agriculture, IT and skilled labor, we are working to attract Saudi investment.”
Head of the Saudi delegation, Sheikh Omar Abdul Hafiz Amir Baksh, said, “This organization is very important to increase joint investment between the two countries. We believe that it will open new doors for mutual economic cooperation.”
