[🇧🇩] Can Bangla-Saudi Relation be elevated to Strategic Level?

[Saif]

Quote from Above articles.

Come on this is not strategic. Providing cheap soldiers for mine defusing and 135 mn USD investment is not strategic.

It takes time to build a strategic relationship with a country like Saudi Arabia. There is a huge potential for Bangladesh-Saudi Arabia to build a strategic relationship based on sectors like hydrocarbon and defense. By the way, our soldiers lives are not cheap, may be yours are.

 

[Saif]

Upcoming visit of Saudi Crown Prince promises further momentum in Dhaka-Riyadh ties: Foreign Affairs Adviser

Foreign Affairs Adviser Md Touhid Hossain on Sunday said Bangladesh is eagerly anticipating the upcoming visit of Saudi Crown Prince Mohammed bin Salman to Bangladesh, an event that promises to further enhance the momentum of bilateral relations between the two countries. "We also look f

thefinancialexpress.com.bd

Upcoming visit of Saudi Crown Prince promises further momentum in Dhaka-Riyadh ties: Foreign Affairs Adviser
UNB
Published :
Sep 30, 2024 00:12
Updated :
Sep 30, 2024 00:12

Foreign Affairs Adviser Md Touhid Hossain on Sunday said Bangladesh is eagerly anticipating the upcoming visit of Saudi Crown Prince Mohammed bin Salman to Bangladesh, an event that promises to further enhance the momentum of bilateral relations between the two countries.

"We also look forward to celebrating 50 years of our diplomatic ties, marked by cultural exchanges, business delegations, and high-level visits that will undoubtedly solidify our enduring partnership," he said while speaking at a reception marking the Saudi National Day at the country's embassy in Dhaka.

Hossain said they deeply appreciate the remarkable contributions of Saudi Ambassador Essa Yousef Essa Al Duhailan in strengthening the bilateral ties and warmly welcomed his successor, assuring him of full cooperation in advancing the partnership.

The Adviser extended his heartfelt wishes for continued peace, prosperity, and progress for the Kingdom of Saudi Arabia under the wise leadership of King Salman and Crown Prince Mohammed bin Salman. "May our friendship continue to flourish."

Saudi Arabia has been a steadfast partner in Bangladesh's development journey.

Saudi Fund for Development (SFD) has partnered Bangladesh in implementing several infrastructure projects over the years.

"We express our deep gratitude for the Kingdom for employing around 3 million of our workers, both semi-skilled and unskilled, who are contributing to both of our economies," said Hossain.

The proposal for establishing a Joint Task Force on labor issues reflects the shared commitment to safeguarding the rights and welfare of workers, a testament to common values of social justice, he said.

The two way trade has exceeded $2 billion annuallyin recent years.

Bangladesh sources strategic goods like petroleum products and minerals, fertilizer etc. from Saudi Arabia to keep the economy moving.

Recently, Bangladesh is drawing increasing attention from Saudi businessmen and investors who are showing keen interest to invest here, said the Adviser.

The recent investment initiative by the Red Sea Gateway Terminal in the operation of Potenga Container Terminal is a case in point to showcase Kingdom's commitment to developing Bangladesh's logistical capacities in the port sector, he said.

Some notable companies, such as ACWA Power and SABIC, are exploring opportunities in the renewable energy, logistics and infrastructure sectors.

Simultaneously, Bangladeshi businesses are eager to engage in sectors like pharmaceuticals and fertilizers in Saudi Arabia.

"As Bangladesh rapidly develops, we invite our Saudi partners to explore the immense potential within our Special Economic Zones, offering significant opportunities in infrastructure, power, tourism, and hospitality," said the Adviser.

The two nations have also identified new areas for collaboration, particularly in areas of labor migration, investment, infrastructure development, education, as well as agriculture and environment.

"We remain committed to forging a strategic partnership as we approach the Golden Jubilee of our diplomatic ties next year," Hossain said.

Looking ahead, the Adviser said, they are going to elevate the Joint Commission to the ministerial level, reflecting the deepening significance of the relationship.

"This step will undoubtedly help unlock new opportunities and strengthen our cooperation in addressing global challenges and supporting each other in international forums," he said.

Saudi Arabia, under the dynamic leadership of Crown Prince and Prime Minister Mohammed bin Salman, is progressing toward achieving the ambitious Vision 2030-a vision that seeks to diversify the Saudi economy, promote sustainability, and achieve transformative growth.

"Bangladesh is willing to be a partner to contribute to realizing this vision by sharing our experience and expertise in aligning with these aspirations for sustainable, inclusive development," said the Foreign Adviser.​

 

[Saif]

Keen to recruit more workers from Bangladesh: Saudi envoy

Saudi Ambassador to Bangladesh Essa Youssef Essa Al Duhailan on Sunday expressed eagerness to recruit more workers, especially skilled and trained workforce, to support its ambitious initiatives like "Green Saudi Initiative" and mega projects under the Kingdom Vision 2030

www.thedailystar.net

Keen to recruit more workers from Bangladesh: Saudi envoy

Saudi Ambassador to Bangladesh Essa Youssef Essa Al Duhailan and Foreign Secretary Md Jashim Uddin. Photo: PID

Saudi Ambassador to Bangladesh Essa Youssef Essa Al Duhailan on Sunday expressed eagerness to recruit more workers, especially skilled and trained workforce, to support its ambitious initiatives like "Green Saudi Initiative" and mega projects under the Kingdom Vision 2030.

The ambassador recalled the invaluable contributions of Bangladeshi expatriate workers to the Saudi economy and society, praising them as diligent and hardworking.

During a meeting with Foreign Secretary Md Jashim Uddin at the Ministry of Foreign Affairs, the Saudi envoy said the Saudi Embassy in Dhaka is issuing a good number of visas every day, which is adding up to the already 3 million workforces employed in Saudi Arabia.

Both the foreign secretary and the ambassador underscored the necessity of maintaining continuous engagement between their governments, including political consultations and the high-level Joint Economic Commission (JEC) as well as the Joint Technical Committee (JTC) on Manpower between the two countries.

During the meeting, the ambassador briefed the Foreign Secretary on some pending Saudi initiatives, including establishment of "iconic mosques" and an Arabic language institute in Dhaka and sought his cooperation in expediting them.

The Saudi envoy also apprised him on the current Saudi investment initiatives in the port logistics and renewable and power sectors, according to the Ministry of Foreign Affairs.

The foreign secretary assured the ambassador of his commitment to addressing any outstanding issues and encouraged him to explore further potential for increasing investment from KSA.

He pledged full support to facilitate the removal of any obstacles hindering such investments.

He also expressed Bangladesh's solidarity with the Palestinian cause and called for urgent action for the realisation of a two-state solution.​

 

[Saif]

Yunus seeks robust KSA investment

Chief adviser Muhammad Yunus on Monday urged the Kingdom of Saudi Arabia to invest more in Bangladesh as he sought enhanced energy and economic cooperation to boost ties between the two friendly nations...

www.newagebd.net

Yunus seeks robust KSA investment
Bangladesh Sangbad Sangstha . Dhaka 28 October, 2024, 21:58

Chief adviser Muhammad Yunus on Monday urged the Kingdom of Saudi Arabia to invest more in Bangladesh as he sought enhanced energy and economic cooperation to boost ties between the two friendly nations.

The chief adviser made the call when Saudi ambassador to Bangladesh Essa Youssef Essa Al Duhailan paid a courtesy call on him at his office here.

‘This is the time that Saudi Arabia can give the best support to us,’ Yunus told the Saudi envoy, terming the relationship between the two countries ‘unique’ and ‘separate’ than other countries.

He called on the envoy to convey his request to the Saudi government for depositing funds in Bangladesh’s central bank to boost liquidity support as part of economic cooperation, saying it would be ‘a wonderful gesture to the Interim Government’.

The chief adviser also called for concessional supply of energy and petroleum products as well as enhanced trade and increased Saudi investment in the training of the Bangladeshi young people so that Dhaka can send more skilled and trained workers to the oil-rich country.

Ambassador Al Duhailan acknowledged the contribution of the Bangladeshi diaspora in Saudi Arabia, saying that gaining more skills would help them earn a better salary and send more remittances back home.

Currently, nearly 3 million Bangladeshis are employed in the kingdom, sending billions of US dollars annually.

The envoy said that Saudi Arabia issued on average 5,000 visas to Bangladeshi migrants and Muslim pilgrims daily.

In 2023, about half a million Bangladeshis visited Saudi Arabia to perform Umrah hajj, a 37 per cent increase from the previous year.

Al Duhailan said that his country was eager to invest more in Bangladesh and sought support from the office of the chief adviser to facilitate proposed Saudi investment in the port and logistics sectors especially in Matarbari deep seaport and power and renewable energy sectors by Acwa Power.

He handed over two letters from the Custodian of Two Holy Mosques King Salman bin Abdulaziz Al Saud and Crown Prince Mohammed bin Salman congratulating the chief adviser on the occasion of Saudi National Day.

‘My government wants to see stability in Bangladesh, and Inshallah is ready to support the Bangladesh government,’ said the Saudi ambassador.

He presented the chief adviser a copy of the Holy Quran and a replica of the falcon, the national bird of Saudi Arabia.​

 

[Saif]

Saudi issues visas up to 6,000 Bangladeshi workers

Saudi Arabia has increased the number of visas it grants to Bangladeshi workers, in line with the implementation of its ambitious development plan. According to Dubai-based Gulf News, the country is currently issuing between 4,0000 to 6,000 labour visas to Bangladeshis daily, with the possibility

thefinancialexpress.com.bd

Saudi issues visas up to 6,000 Bangladeshi workers
FE ONLINE DESK
Published :
Dec 17, 2024 23:10
Updated :
Dec 17, 2024 23:10

Saudi Arabia has increased the number of visas it grants to Bangladeshi workers, in line with the implementation of its ambitious development plan.

According to Dubai-based Gulf News, the country is currently issuing between 4,0000 to 6,000 labour visas to Bangladeshis daily, with the possibility of further increases shortly.

Last month, Saudi Arabia recruited 83,000 workers from Bangladesh, marking the highest number of recruitments from any country in a single month, reports bdnews24.com.

This recruitment drive is part of the country's focus on executing its “Vision 2030” development plan.

As part of the plan, Saudi Arabia is preparing for major events such as the 2034 FIFA World Cup and the 2030 Riyadh Expo, alongside large-scale projects such as the construction of airports, railways, and stadiums.

These initiatives have significantly increased the demand for workers.

Additionally, Gulf News reported that Saudi Arabia recently donated 372 tonnes of meat to strengthen ties with Bangladesh.

The foreign ministry said the meat will be distributed to orphanages, religious schools, and those in need across the country.​

 

[Mb444]

BD needs to explore ways of increasing its exports to SA. We have a ready made market there- our expat community.

At this point we can only offer unlimited labour to SA, which is something they sorely need.

They have not really invested in BD, which is a shame but probably is failure in BD marketing itself.

One potential point of engagement could be in oil exploration …. Offer them a joint venture…they may bite

 

[Bilal9]

BD needs to explore ways of increasing its exports to SA. We have a ready made market there- our expat community.

At this point we can only offer unlimited labour to SA, which is something they sorely need.

They have not really invested in BD, which is a shame but probably is failure in BD marketing itself.

One potential point of engagement could be in oil exploration …. Offer them a joint venture…they may bite

We have a very good market for our apparel to their market for a while now. Most of the wholesalers and retailers who are importing these items to Saudi Arabia are also Bangladeshi business people who have been established there for a while. In Ramadan, if you go to the nightly open air Swap meets after midnight, most of the clothing sold there are our exports.

 

[Saif]

We have a very good market for our apparel to their market for a while now. Most of the wholesalers and retailers who are importing these items to Saudi Arabia are also Bangladeshi business people who have been established there for a while. In Ramadan, if you go to the nightly open air Swap meets after midnight, most of the clothing sold there are our exports.

Aside from exporting garments, we should pursue Saudis to invest in our hydrocarbon and defense sectors. We are totally depended on America for hydrocarbon exploration. This needs to be changed. And also our defense sector can be greatly benefitted if Saudis invest in weapons manufacturing in Bangladesh. BOF (Bangladesh Ordnance Factory), BMTF (Bangladesh Machine Tools Factory), KSY (Khulna Shipyard), and Narayanganj Shipyard are some of the potential areas where we should draw Saudi investment. What do you say?

 

[Krishna with Flute]

What are the areas where strategic partnerships can happen.

 

[Bilal9]

What are the areas where strategic partnerships can happen.

Crude refining (production of ethylene glycol and terephthalic acid), leading to derivatives like PET chips and polyester staple fiber, production processes which require large capital outlays. The downstream industries in Bangladesh are textile processes already present in huge scale. But process changes will be needed to convert from Cotton currently to PET fiber processes (polyester spinning, weaving, apparel production etc.) which Bangladesh is starting to develop because most of Bangladesh exports are currently cotton-based. Alongside apparel, specialized technical fabric (for outdoor use such as tents) and mock-cotton hollow-fiber oriented products for home textiles will also be a target. This could triple Bangladesh exports and expansion is already starting to take shape.

Bangladesh is aiming for number one spot in apparel production (currently number two) but it will be a long slog because of China's size and strength. Both can exist as textile sources as this is not a zero sum game. China will slowly move to higher level and higher value addition products and Bangladesh will dominate the lower end.

There are non-textile areas too - shipbuilding comes to mind as @Saif suggested.

Bangladeshi shipbuilders and yards are already supplying gulf and middle east markets in large measure.