‘Saudis see immense trade potential with BD’

Business Report :
Bangladesh’s bilateral trade with Saudi Arabia stood at around $2 billion in 2021, which is way lower than the potential, and the kingdom believes the amount will increase manifold in the days to come, a top Saudi business leader said on Saturday.
The Saudi king and the crown prince want to strengthen the kingdom’s bilateral and regional relations with every friendly country, said Hasan Al-Huwaizi, chairman of the board of directors of the Federation of Saudi Chambers (FSC).
The Saudi government especially focuses on establishing relations with the countries which think alike and can help in move forward in line with the global economies, he said.
Al-Huwaizi made the comments in a session of the ongoing Bangladesh Business Summit 2023 at Bangabandhu International Conference Centre in Dhaka.
The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) is organising the three-day event in partnership with the foreign ministry, the commerce ministry and Bangladesh Investment Development Authority (BIDA).