Thursday, 22 Feb, 2024


Meeting between Dr. Chy Nafeez Sarafat and Badr I. AlBadr

KSA's Ministry of Investments explores opportunities for Bangladesh infrastructure projects

News Desk |
Update: 2023-12-06 18:38:22
KSA's Ministry of Investments explores opportunities for Bangladesh infrastructure projects

A meeting between Dr. Chowdhury Nafeez Sarafat, a business leader of Bangladesh and Badr I. AlBadr, Deputy Minister of Investors Outreach, Ministry of Investment, Kingdom of Saudi Arabia (KSA) was held in the capital Dhaka.

The meeting marked the interaction between the two visionary leaders to discuss potential investment ventures.

A 31-member business delegation from Saudi Arabia visited Bangladesh this week, demonstrating the growing interest in exploring investment opportunities. The discussions centered around KSA's investment plans and business expansion strategies.

Dr. Sarafat is renowned for spearheading hotel chains, large-scale educational institutes, economic zones, energy, and real estate projects. His collaborations with global institutions such as General Electric, Marriott, Kohlberg Kravis Roberts - KKR, Nebras Power (Qatar), LIC India, and others underscore his impactful contributions.

The Saudi Arabian companies expressed keen interest in investing in Bangladesh, particularly in infrastructure projects, with a focus on collaboration with hotel chains, educational institutions and real estate. The potential ventures include Marriott hotel projects, university initiatives, Haileybury School, and other large-scale infrastructure projects.

Badr I. AlBadr extended a prompt invitation to Dr. Sarafat, initiating subsequent steps for potential partnerships. Both parties also mutually consented to strategize and showcase projects at the upcoming Expo 2030 World Fair during the World Cup season, aiming to facilitate further collaboration and expansion in the Kingdom of Saudi Arabia. Dr. Sarafat sees this as an opportunity to partner with KSA companies, paving the way for the establishment of hotels and infrastructure businesses in the region.

The meeting sets the stage for a promising partnership between Bangladesh and the Kingdom of Saudi Arabia, contributing to the growth and development of both nations.

BDST: 1838 HRS, DEC 06, 2023

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