Bangladesh-KSA understanding upon Tk 373cr loan signed


A Tk 373-crore loan agreement was sealed in in between Bangladesh as great as a Kingdom of Saudi Arabia Saturday in Jeddah for a building a whole of Mouchak-Maghbazar Flyover, a single of a series of such beyond bypasses in this packed city of Dhaka.

The sum price of a plan is $ 115 million, officials said.

Partial output of a plan will be met from a supports entrance from a Saudi Fund for Development (SFD).

Finance Minister of Bangladesh Abul Maal Abdul Muhith, right away upon an executive revisit to Saudi Arabia, sealed a understanding upon seductiveness of Bangladesh whilst Minister for Finance of Saudi Arabia Dr Ibrahim Bin Abdel Aziz Al-Assaf upon seductiveness of a KSA government, according to a summary perceived here.

Bangladesh Ambassador to Saudi Arabia Md Shahidul Islam as great as alternative tall officials from a Economic Relations Division (ERD) of Bangladesh, SFD, Bangladesh Embassy as great as a Consulate-General of Bangladesh were benefaction during a deal-signing ceremony.

On a occasion, a Finance Ministers of Bangladesh as great as a Kingdom of Saudi Arabia discussed counts of mutual interest, generally in a margin of mercantile activities, investment as great as alternative issues associated to shared cooperation.

In reply to a ask of Bangladesh Finance Minister to mislay 5 percent tariffs upon a products alien from Bangladesh, his Saudi reflection concluded in element as great as suggested channeling a ask by GCC given a make a difference is underneath a reach of GCC.

During a talks, a Bangladesh Finance Minister urged his Saudi reflection to occupy his “fullest await in sequence to safeguard some-more Saudi investment in opposite growth projects in Bangladesh”.

The Saudi Finance Minister voiced his frank compensation upon a grant of Bangladesh workforce to a growth activities of a oil-rich kingdom.

Muhith requested a Saudi Finance Minister to operate his great offices to stir upon a Saudi employers to occupy some-more Bangladeshi professionals as great as workers.

Applauding a ongoing growth activities in Bangladesh underneath a care of benefaction government, a Saudi Finance Minister voiced a seductiveness of a supervision of Saudi Arabia in receiving partial in a growth efforts of a loving country.

The day’s programme of a Bangladeshi Finance Minister additionally enclosed dual apart meetings with IDB President Dr. Ahmed Mohammed Ali as great as a CEO of Islamic Trade as great as Finance Cooperation (ITFC).

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