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The Saudi assistant minister for oil and gas informs Salman F Rahman about the feasibility study during a meeting in Riyadh
Published : 01 May 2024, 11:31 PM
Bangladesh and Saudi Arabia have wrapped up a feasibility study on a urea fertiliser factory as part of a joint venture.
Mohammed Alibrahim, the Saudi assistant minister for oil and gas, told Prime Minister’s Adviser on Private Industry and Investment Salman F Rahman about the study at a meeting in Riyadh.
They discussed the Saudi-Bangladesh partnership at Alibrahim’s office on Tuesday night, the adviser’s public relations office said in a statement on Wednesday.
The Saudi assistant minister said they were working on technical matters after completing the study and will meet Bangladesh’s technical team now.
He was keen on energy cooperation with Bangladesh.
Alibrahim told Salman that the Saudi government was considering Bangladesh’s proposal to buy crude oil under a delayed payment system.
They also discussed a DSP fertiliser plant.
Salman also met Saad Alkroud, chief of staff at Saudi Public Investment Fund and secretary general of its board of directors, who praised the Bangladesh government for the country's economic development.
He expressed satisfaction over the investment of Saudi firm Red Sea Gateway Terminal in Patenga port.
The Saudi official handed Salman a list of 80 companies of the Gulf kingdom that are keen on investing in Bangladesh.
Alkroud hoped that the PIF will join Bangladesh’s journey towards development through its company.
Salman held the meetings after attending a World Economic Forum session in Riyadh.
