Saudi Foreign Minister Prince Faisal Bin Farhan Al Saud
Dhaka-Riyadh Political Consultations: Trade, investment, Crown Prince’s visit likely to feature prominently
Bangladesh and Saudi Arabia will hold the second political consultations in Riyadh on July 1 which is likely to highlight issues related to trade, investment, Bangladeshi migrants, Rohingya crisis and other issues of mutual interests, officials said on Sunday (June 30, 2024).
Foreign Minister Hasan Mahmud and Saudi Foreign Minister Prince Faisal bin Farhan Al Saud will lead the Bangladesh and Saudi delegations respectively at the high-level meeting that will be held at the Saudi Ministry of Foreign Affairs.
Issues related to education, health, environment and climate change, ICT and tourism are also likely to be discussed in the meeting.
FM Hasan is scheduled to reach Riyadh early Monday on a two-day official visit, a senior official at the Ministry of Foreign Affairs told UNB. The foreign minister is scheduled to return home on July 3.
Private Industry and Investment Adviser to the Prime Minister Sheikh Salman F Rahman will be part of the delegation as investment issues may come up in a big way.
Additional Foreign Secretary (bilateral East and West) Md Nazrul Islam, Bangladesh Ambassador to Saudi Arabia Mohammad Javed Patwary, Director General of West Asia Wing Shafiqur Rahman and Director Nafisa Monsur will accompany the foreign minister as part of Bangladesh delegation members.
Saudi Crown Prince Mohammed bin Salman bin Abdulaziz Al-Saud, who is also the Prime Minister of the Kingdom of Saudi Arabia, is likely to pay an official visit to Bangladesh later this year.
This would be a landmark event in the history of bilateral relations between Bangladesh and Saudi Arabia leading to the consolidation of ties, especially in trade and commerce, investment and economic cooperation, according to official on both sides.
The Saudi crown prince has accepted the invitation extended by Prime Minister Sheikh Hasina to visit the country this year, and both sides may discuss the issue further for finalization of details, a Bangladesh official told UNB speaking on condition of anonymity.
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It would be the first ever visit of any Saudi crown prince to Bangladesh after 1985 when the then Saudi Crown Prince Abdullah bin Abdulaziz visited Dhaka.
A good number of bilateral instruments -- MoUs and agreements – are likely to be signed during the visit of the Saudi leader, which would strengthen the bilateral ties between the two countries significantly, both sides hope.
The first ever political consultations between Bangladesh and Saudi Arabia were held on March 16, 2022 in Dhaka.
At the meeting, both the leaders reaffirmed the bond of enduring ties and friendship existing between the two brotherly countries and expressed satisfaction over the state of bilateral cooperation.
They noted the understanding and goodwill existing at the political level between the two countries and emphasised the need for devising means and ways to translate this into concrete outcomes.
Both sides further stressed the need to coordinate and work together at functional levels to carry forward the policy decision for mutual benefit of the peoples of the two countries.
Several Saudi companies have already invested in some sectors in Bangladesh and some other companies are considering greater engagement in various areas.
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The envoy said about 2.8 million Bangladeshis working in Saudi Arabia are also making significant contributions to Saudi and Bangladesh economies.
In May this year, the Kingdom of Saudi Arabia (KSA) wanted to know the progress of efforts in renewing the passports of the Rohingyas who went to the KSA back in 1973-74 with Bangladeshi passports.
Saudi Deputy Interior Minister Dr Nasser bin Abdulaziz Al-Daoud discussed the issue with Home Minister Asaduzzaman Khan during a bilateral meeting at that time.
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5 months ago
Saudi FM due Tuesday; meetings with PM, FM Wednesday
Saudi Foreign Minister Prince Faisal Bin Farhan Al Saud will arrive in Dhaka on a brief visit Tuesday afternoon.
Foreign Minister AK Abdul Momen is scheduled to receive his Saudi counterpart at Hazrat Shahjalal International Airport around 5pm on Tuesday.
Minister Momen will host a dinner in honor of the Saudi Foreign Minister at a city hotel the same day.
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In his less than 24-hour visit at the invitation of Momen, the Saudi Foreign Minister will also meet Prime Minister Sheikh Hasina on Wednesday, according to his programme schedule.
Bangladesh and the Kingdom of Saudi Arabia are looking for stronger political and investment relations as Dhaka is ready to welcome the Saudi Foreign Minister.
Foreign Minister Momen will hold a “tete-a-tete” with his Saudi counterpart at a city hotel on Wednesday morning which will be followed by bilateral “political consultation” between the two countries at the same venue, an official at the Ministry of Foreign Affairs told UNB.
On Wednesday, the Saudi Foreign Minister and Dr Momen will join the foundation stone laying ceremony of the Arabic Language Institute after the political consultation between the two countries.
Prime Minister’s Private Industry and Investment Adviser Salman F Rahman will host lunch in honor of the Saudi Foreign Minister.
The Saudi Foreign Minister is scheduled to leave Dhaka on Wednesday afternoon wrapping up his visit that might see signing of a number of cooperation documents.
Foreign Minister Dr Momen will see him off at the airport.
Ahead of the visit, Saudi Ambassador to Bangladesh Essa Yussef Essa Al Dulaihan said the "dynamic partnership" and long-standing relations between Bangladesh and Saudi Arabia will further flourish and reach to a new height.
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The Saudi government says Bangladesh is a “remarkable country” and appreciates Prime Minister Sheikh Hasina’s leadership, noting that her capacity to make “swift decisions” is keeping the country's economy on track.
Saudi Ambassador to Bangladesh Essa Yussef Essa Al Dulaihan, during a recent media briefing, shared Saudi investors’ desire to invest “extensively” in Bangladesh.
Engineering Dimensions, a Saudi Arabian Enterprise, has confirmed $1.8 billion investment in Bangladeshi, said the envoy.
Saudi Arabia is mulling establishing a special economic zone and considering scopes to invest in the construction of rail links connecting Dhaka and Payra port, including the development of Cox’s Bazar as an international tourist destination.
The ambassador said Saudi ACWA Power has already announced to invest $ 600 million to build a 700 MW power plant and proposed a total $ 3.5 billion investment in Bangladesh.
He said Saudi Red Sea Gateway Terminal wants to invest $ 1.2 billion in Bangladesh, said the envoy.
2 years ago