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Saudi Prince keen to invest in Bangladesh

Shows interest in power, tourism sectors

Diplomatic Correspondent
Bangladesh yesterday urged the visiting Saudi Prince Al Waleed bin Talal to invest in a number of sectors including power, tourism and infrastructure.
According to the government officials, Prince Talal, who is also a business tycoon, has shown keen interest in investing in power and tourism sectors in Bangladesh.
Officials made four power point presentations before the Saudi Prince during his meeting
with the Bangladesh delegation led by Prime Minister Sheikh Hasina at Hotel Sonargaon yesterday noon.
Of the presentations, one was on the offers of Board of
Investment, another on Public Private Partnership (PPP) and the two others on power and tourism sectors.
The premier conferred “Bangladesh Friendship Medal" on the Saudi Prince at the meet.
Emerging from the meeting, Foreign Minister Dipu Moni told the media, “We have given power point presentations on investment atmosphere prevailing in Bangladesh, and we are expecting bigger investment from the Saudi Prince in near future."
The Prince has big investments in energy, tourism and infrastructure development sectors in different countries and “we sought similar investment in Bangladesh," she added.
Elaborating on the offers made to Prince Talal, she said, among other areas “we have offered to establish a complete special tourist zone, which would have shopping malls and all other facilities, and requested him to invest in tourism sector."
A team from Dhaka will soon visit Riyadh. “We will properly follow up the investment projects with the Saudi Prince aiming to attract the investment opportunities in Bangladesh," the foreign minister said.
While briefing newsmen, Prime Minister's Press Secretary Abul Kalam Azad said the premier has invited investment from Saudi Arabia, and this
could happen under government-to-government, publicprivatepartnership or joint ventures.
Hasina asked the Saudi Prince to recruit more Bangladeshi doctors, engineers, paramedics, nurses, IT specialists, accountants, skilled and semi-skilled workers in its newprojects.
She also urged him to remove restrictions on recruitment of certain categories ofworkers.
In response, the Saudi Prince lauded the role of Bangladeshi workers engaged in different sectors in Saudi Arabia, saying that his country might consider recruitment of more workers in near future.
Dipu Moni also told reporters that the Saudi Prince credited Bangladeshi workers for being hard-working and also for their high level of integrity and honesty.
On a question, the foreign minister said the Saudi Prince did not make any concrete promise of investment in any specific sector, but nodded to make investments in the prospective sectors such as tourism and infrastructure.
The Saudi Prince, who arrived here on a four-hour visit, highly appreciated Bangladesh's steady economic growth despite global economic meltdown.
Hasina also highlighted her government's successes in the fields of education, agriculture, health, women empowerment and social safety net during the meeting.
Ambassador-at-Large Mohammad Ziauddin, Foreign Secretary Mijarul Quayes, Bangladesh Ambassador to Saudi Arabia Md Shahidul Islam, among others, were present at the meeting.
Later, the Saudi Prince paid a courtesy call on