DHAKA: Bangladesh’s Chief Adviser Prof. Muhammad Yunus has proposed establishing Saudi Arabia’s production sector in Bangladesh, his office said, following a meeting with the Kingdom’s newly appointed envoy to Dhaka.
Dr. Abdullah bin Abiyah presented his credentials as Saudi ambassador to Bangladesh earlier this month. He paid a visit to Yunus at the State Guest House Jamuna on Sunday.
Yunus, the Nobel Prize-winning economist who heads Bangladesh’s interim government, “proposed that Saudi Arabia could consider establishing its production sector in Bangladesh by utilizing Bangladesh’s geostrategic location, cheap labor, and the country’s resources,” the Chief Adviser’s Press Wing said in a statement.
Azad Majumder, Yunus’ deputy press secretary who was present during the meeting, told Arab News that the move would be beneficial for both countries as it would “create employment opportunities for the Bangladeshi youth and offer Saudi Arabia an opportunity to obtain essential goods at a better price.”
The Saudi market is already familiar with Bangladeshi workers as some 3 million of them live in the Kingdom. They are the largest expat group in the Kingdom and the biggest Bangladeshi community outside Bangladesh.
