Khalid Al-Falih, Saudi Investment Minister, said there is a huge potential for more Saudi investment in Bangladesh as the country has an investment-friendly environment.
The Saudi investment minister expressed the hope on Sunday during his meeting with Salman F Rahman, the visiting Private Industry and Investment Advisor to the Prime Minister, said a press release.
He proposed to set up a special economic zone for Saudi investors as committed by the Prime Minister.
The Saudi investment minister welcomed Bangladesh's proposal.
The advisor made a request to the minister to finalize the draft memorandum of understanding (MoU) aimed at creating opportunities for Saudi investment in the public-private partnership arrangement.
If the MoU is signed, Salman said, the opportunities for Saudi investment in various sectors, including different infrastructures of Bangladesh, would be widened.
Al-Falih informed the advisor that the draft MoU is in the final phase and hoped it would be signed soon.