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Dhaka-Riyadh have ample scope for economic transformation, resource diversification

DCCI President says in a business meetings with Riyadh Chamber


Published : 31 Oct 2023 06:21 PM

A business meeting between Dhaka Chamber of Commerce & Industry (DCCI) and Riyadh Chamber of Commerce followed by an effective B2B match-making session was held on Monday at the Riyadh Chamber of Commerce premises in Saudi Arabia.

President of Dhaka Chamber of Commerce & Industry (DCCI) Barrister Md. Sameer Sattaris heading the largest private sector business delegation comprises of 61 Bangladeshi companiesto Saudi Arabia.

During the meeting Naif Abdullah Al Rajhi, Vice Chairman, Riyadh Chamber of Commerce said that Bangladesh in recent past has done a tremendous development in terms of trade and commerce. 

He said both Bangladesh and Saudi Arabia have great prospects of economic transformation and diversification of resources. 

He also expressed his high hope that soon Bangladeshi investors will have a major share in the investment landscape of Saudi Arabia. Saudi market, one of the largest markets in the region can be attractive for Bangladeshi investors. 

He also underscored to explore new scope of common opportunities that Saudi and Bangladesh in different potential sectors, saying that businesses have no boundaries and Saudi entrepreneurs want to do more businesses with their Bangladeshi counterpart. 

He said “the business delegation led by DCCI comprises of eminent large investors of Bangladesh especially from IT, agro, infrastructure, construction & Real Estate, energy and power, tourism and hospitality, education etc. and all of them are eager to expand their business with Saudi Arabia.He later invited Saudi entrepreneurs to invest especially in smart farming, IT, fintech, logistics and infrastructure sectors in Bangladesh.

Later the business meeting more than 120 B2B match-makings between Bangladeshi and Saudi businessmen were held. 

Meanwhile, a Memorandum of Understanding was signed between the Riyadh Chamber of Commerce and Dhaka Chamber of Commerce & Industry (DCCI) with a view to further cementing the bilateral business cooperation in the days to come.

DCCI President and Naif Abdullah Al Rajhi, Vice Chairman, Riyadh Chamber of Commerce signed the MoU on behalf   their respective organizations. 

DCCI Senior Vice President S M Golam Faruk Alamgir (Arman), Vice President Md. JunaedIbna Ali, Members of the Board of Directors, Minister (Economic), Bangladesh Embassy in Saudi Arabia Murtuza Zulkar Nain Noman among others were also present.