BNP Standing Committee member and former Commerce Minister Amir Khasru Mahmud Chowdhury has commented that Saudi Arabia’s huge investment fund can play an important role in Bangladesh’s capital market.
He said, “If Saudi Arabia’s huge investment fund is added to Bangladesh’s capital market, it will not only strengthen the country’s economy, but also deepen the business relations between the two countries.”
He made these comments while speaking as a special 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 on Tuesday (October 7).
Amir Khasru Mahmud Chowdhury said, “The foundation of Bangladesh’s relations with the Middle East was laid by the late President Ziaur Rahman. It was his initiative that officially started sending expatriate workers, 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, “To make Bangladesh’s economy more sustainable, the public and private sectors will have to work together to attract foreign investment, especially investment from Saudi Arabia. This will create new jobs and strengthen foreign exchange reserves.”
