Saudi Arabia Welcomes Bangladeshi Professionals and Investors
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| Saudi Arabia Welcomes Bangladeshi Professionals and Investors |
- Anticipated Arrival of Bangladeshi Business Leaders to the Kingdom in the Upcoming Weeks
- Increased Cooperation Prospects following Saudi Commerce Minister's Productive Visit to Dhaka
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The Kingdom of Saudi Arabia eagerly anticipates a growing influx of Bangladeshi professionals into its skilled workforce and investment landscape, as affirmed by the Saudi Ambassador to Dhaka in an exclusive interview with Arab News.
With an upcoming visit of Bangladesh's business leaders to the Kingdom, the prospects for cooperation between the two nations have been on the rise.
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Bangladeshis currently comprise the largest expatriate worker community in Saudi Arabia, with an estimated 2.8 million individuals contributing to the Kingdom's development.
Renowned for their efficiency and dedication, Bangladeshis have made significant contributions across various sectors and are often acknowledged for their loyalty to Saudi Arabia.
Ambassador Essa Al-Duhailan praised the efforts of the Bangladeshi community, emphasizing the multitude of opportunities that lay ahead, especially in the face of ambitious megaprojects such as NEOM and the Red Sea coast development.
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These projects, coupled with advancements in digital platforms and infrastructure, present an open invitation for skilled professionals to explore and contribute to diverse sectors in Saudi Arabia.
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In light of the Workers' Recruitment and Skill Verification Program deal signed earlier in the year, professionals under this scheme are expected to enjoy notably higher salaries compared to semi-skilled workers.
The Kingdom aims to attract skilled workers while encouraging Bangladeshis to invest in their own citizens' development.
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Saudi Arabia already plays a crucial role as a major source of remittance inflows for Bangladesh. The recent visit of Saudi Commerce Minister Majid bin Abdullah Al-Qasabi to the Bangladesh Business Summit 2023 has further bolstered business cooperation between the two nations.
Multiple investment agreements were signed, facilitating Saudi Arabia's entry into Bangladesh's energy, seaport, and agriculture industries.
Additionally, a joint council was established between the Saudi and Bangladeshi chambers of commerce to navigate bilateral business ties.
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With the momentum of this successful visit, a delegation comprising top Bangladeshi business leaders is soon expected to visit the Kingdom.
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Ambassador Al-Duhailan revealed that more than 60 businessmen are scheduled to explore opportunities, meet their counterparts, and engage with Saudi Arabia's chamber of commerce leaders.
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The Kingdom warmly welcomes Bangladeshi businesses, extending opportunities for investment in diverse fields, including infrastructure, construction, agriculture, textile, fishing, farms, plastic manufacturing, carpentry, and more.
Ambassador Al-Duhailan encourages Bangladeshi entrepreneurs to venture forth and explore the Saudi market, which promises vast scopes of growth and mutual prosperity.
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