Chief Adviser Prof Muhammad Yunus on Sunday proposed that Saudi Arabia could consider establishing its production sector in Bangladesh by utilising Bangladesh's geostrategic location, cheap labour and the country's resources.

He also called for Saudi investment in the energy sector, including oil refineries, the healthcare sector, the health education sector and the pharmaceutical industry.

The issues were discussed when newly appointed Saudi Ambassador to Bangladesh Dr Abdullah Zafer bin Abiyah, paid a courtesy call on the Chief Adviser at the State Guest House Jamuna.

The Saudi Ambassador handed over the invitation letter of the Saudi Crown Prince and the Prime Minister to attend the 9th meeting of the Future Investment Initiative Forum to be held in Riyadh in October, said Chief Adviser’s Deputy Press Secretary Abul Kalam Azad Majumder.

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The Chief Adviser also expressed his gratitude to the Saudi Crown Prince for accepting the invitation to visit Bangladesh on the occasion of the 50th anniversary of Bangladesh-Saudi Arabia diplomatic relations at a given date.

The Chief Adviser extended his warmest greetings to the Saudi Ambassador on assuming his duties in Bangladesh and expressed hope that the friendly relations between Bangladesh and Saudi Arabia would reach new heights during his tenure.

He also pledged cooperation with his government during the Saudi Ambassador's tenure in Bangladesh.

Referring to the depth of Saudi Arabia's relations with Bangladesh, he said there is an opportunity to further expand this relationship by increasing cooperation in various sectors.

In response, the Saudi Ambassador mentioned his country's deep ties with Bangladesh.

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He said Saudi the investment company Red Sea Gateway Terminal is engaged in the Patenga Container Terminal and Matarbari Deep Sea Port.

He said the Saudi Government had allocated 20 million US dollars for construction of an Arabic Language Institute and 8 mosques in different cities in Bangladesh.

The Chief Adviser presented the Saudi Ambassador with a collection of graffiti from July 2024 as a gift.

Lamiya Morshed, senior secretary and Principal Coordinator on SDGs Affairs, was, among others, present on the occasion.