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Saudi Arabia in talks over multi-billion dollar investment in Bangladesh

The Ronin

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Bangladesh and Saudi Arabia were holding talks to invest several billion dollars in over 25 projects as the both countries have already signed at least seven agreements on several sectors including power, furniture, port infrastructure development, chemical and cement industries.
Discussions were also on Aramco’s investment in three different projects, building of an airplane repair and maintenance facility at Lalmonirhat, two new railway projects in Chattogram and Barishal and opening of branches of two Bangladesh banks in Saudi Arabia.
The talks were being held mainly with private organisations in Saudi Arabia, said a government official.
Two separate agreements were signed last month, one between the Shipping Ministry and Jeddah Port Authority and another between the Ministry of Environment, Forest and Climate Change and Engineering Dimension, the government official added.
Large-scale feasibility studies would now be conducted for implementation of both agreements, the source said.

DIPLOMATIC PROJECTS

Bangladesh Air Force was holding talks with Saudi Arabia’s Al Salam Aerospace Industries Corporation regarding construction of an aircraft repair and maintenance facility at Lalmonirhat, a major diplomatic project among 25 others that were being discussed at present.
Bangladesh’s Air Chief Air Chief Marshal Masihuzzaman Serniabat has already paid a visit to the other country regarding this project.
According to an Air Force official, the facility would not only be able to render services to aircrafts in Bangladesh but also that of other countries in the region.
Bangladesh Air Force was at present discussing the matter with the other country’s Ministry of Defence whose approval was required foe implementation of the project, the official added.

RAILWAY PROJECTS

Saudi Arabia has expressed its interest to invest around Tk 20 billion in two railway projects in Bangladesh.
The projects included the $16 billion Dhaka-Chattogram-Cox’s Bazar Hi-speed Train project and the $4 billion dollar Dhaka-Barishal-Payra Metre-guage Rail Line project, another official said.

SAUDI ARAMCO’S INVESTMENTS



High ranking officials of the Saudi Aramco, officially the Saudi Arabian Oil Company, have already paid visits to Bangladesh after the company sought to invest in three new projects here.
Aramco’s LNG Division wants to build a Liquefied Natural Gas (LNG) terminal in Bangladesh while Aramco Trading Company wants to sell Liquefied Petroleum Gas (LPG) to us. Besides these, Aramco’s main company wants to establish an oil refinery here.
Aramco’s delegation met with State Minister for the Ministry of Power, Energy & Mineral Resources Nasrul Hamid during its visit to Bangladesh while the government had sought officials proposals from the country that had the capacity to invest billions here, an official source said.

ESTABLISHMENT OF BANK BRANCHES

Sonali Bank and Exim Bank, which were based in Bangladesh, had obtained approval from the government to set up branches in Saudi Arabia and were waiting for approval from the other country.
The Life Insurance Corporation had also sought permission from the Saudi government to provide insurance services to Bangladeshi expatriates living in the country.

http://en.banglatribune.com/business/news/65905/Saudi-Arabia-in-talks-over-multi-billion-dollar
 

Atlas

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We don’t need these cucks. They want to spread their shit wahhabi sharia
If you don't like their ideology, simply ignore it. Why mentally too weak that you even don't want them invest in Bangladesh because you are afraid that you will be affected by their ideology?

Bangladesh needs good investment and also needs special tie with Muslim countries. And specially Saudi Arabia because we have lots of workers there!
 
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Mage

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I guess you got invited, by virtue of larger mafia of brain washed kids.
Good luck with your wahabi Sharia, I guess.

Bangladesh needs good investment and also needs special tie with Muslim countries.
Saudi investments are about building mosques and madrassas and spreading their wahabism from those mosques and madrassas. I don't think I would be too happy with those investments.

Subsidised oil is what I like about them, though. So yeah, no point angering them.
 

Atlas

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Saudi investments are about building mosques and madrassas and spreading their wahabism from those mosques and madrassas. I don't think I would be too happy with those investments
If we can have good relationship with sanghi govt ( for foreign policy and diplomacy) , so we also shall have better relationship with wahabi govt. I don't think it is a problem.

At least wahabis are proven ally of Bangladesh and sanghis are not!
 
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Mage

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I don't think that there is a problem if we also have better relationship with wahabis.
No one wants bad relation with Saudis. We are just skeptical about their investments. Saudi labour market is important for us. Also the subsidised oil, LNG and other stuff.
 

mmr

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Good luck with your wahabi Sharia, I guess.


Saudi investments are about building mosques and madrassas and spreading their wahabism from those mosques and madrassas. I don't think I would be too happy with those investments.

Subsidised oil is what I like about them, though. So yeah, no point angering them.
Saudis like to invest on some thing more mature businesses like they just did on reliance oil. Cause that company has infrastructure and right management in place. If bd has some thing like that they will buy some part of the business that's what gcc countries do all over the world. But saudis are not entrepreneurs like chinese or Japanese. We need fdi where not just funding but knowledge of doing business will occur as well. So we can diversify the economy and learn new things.
Regarding fund the mosque and madrassa yes I will be careful on that. Saudis are two faced ppl they talk about religion and then you meet same ppl who party like in insane in west. I have seen it all when I was student. Saudi government provide generous scholarships to Saudi students to study in canada. some are truly religious but majority are not.
 

mmr

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And sadly they don't care about ummah unless it benefits them.
It's all about money and business. India is third largest importer of oil and big source of revenue for saudis and it will increase even more since iran is force to cut down export to zero.
 

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