Saudi Gazette report RIYADH — Bangladesh Embassay's Economic and Commercial Counselor Dr. M Mizanur Rahman invites Saudi businessmen and firms to look into the possibility of profitable investment opportunities in various economic sectors of Bangladesh. He highlighted investment opportunities particularly in the power sector during his visit to Jazan Chamber of Commerce and Industry. In his meeting with the Chairman of the Board Nasir Abdo M. Moraya and Secretary-General Ahmed M. Gonfedy, Dr. Rahman noted that Bangladesh offers a well-educated, highly adaptive and industrious workforce with the lowest wages and salaries in the region, and it has proved to be an attractive investment location. In addition, Bangladesh with its approximate 150 million population and consistent economic growth leading to strong and growing domestic demand are factors that would benefit the investors. Bangladesh enjoys quota and tariff-free access to the European Union, Canada, Australia and Japan. It also enjoys GSP facilities as LDC country for export to USA. There are investment opportunities for the development of tourism infrastructure in the coastal areas, said Dr. Rahman. He urged Saudi companies engaged in the hospitality industry to take advantages of investment opportunities in building hotels, motels, furnished villas and recreation facilities for local and international tourists. Dr. Rahman also focused on investment opportunities in other economic sectors in Bangladesh like exploration and development of oil, gas and coal resources, telecommunications, transportation, lather, textiles, readymade garments, food processing, light engineering and agro-based industries. A good number of local businessmen were present during the meeting at the chamber.
