Published : 23 May 2016, 20:35:34 | Updated : 23 May 2016, 20:48:10

Tofail asks Saudi investors

to invest more in BD
RIYADH, May 23: Commerce Minister Tofail Ahmed Sunday urged the Saudi
investors to seek benefits out of investment-friendly settings provided by the
present government of Bangladesh.
"Bangladesh government is providing special benefits to the investors. The
foreign investors can make hundred per cent investments and also can withdraw
their capital and profit in whole. If Saudi investors make investment in
Bangladesh, they will get more benefit and both Bangladesh and Saudi Arabia
will also enjoy the fruits of it," he said.
The minister said it while addressing a views exchange meeting with the Saudi
business delegation, led by Dr Abdul Rahman Al Jamil, chairman of Saudi
Chamber of Council in Riyadh.
"There is huge demand of Bangladeshi home textile, teri towel, jute and leather
goods, ceramics, frozen fish, halal meat, vegetables and dry food in Saudi
Arabia and Bangladesh government has sought duty-free access to these goods.
Bangladesh has exported goods worth of US$ 186.32 million to Saudi Arabia
and imported goods worth of US$ 828 million in the same period," Tofail
added.
Lauding the investment-friendly policy of the present Bangladesh government,
Saudi business leaders said they are very keen to make their investment in
Bangladesh.
Vice-chairman of Bangladesh Export Promotion Bureau Mafruha Sultana and
additional secretary (export) of Ministry of Commerce Jahir Uddin Ahmed were
present on the occasion, among others, according to a news agency. - IH