Close Menu
    Main Menu
    • Home
    • News
    • Innovation
    • Interviews
    • Leadership
    • Generations
    • Money
    • Investment
    • Our Services
      • Heir Management for Bangladeshi Companies
      • Profitability Consultancy for Suffering Companies
      • Market Leadership Consultancy
      • Market Intelligence Consultancy
    • Blog
    Facebook X (Twitter) Instagram LinkedIn
    Trending
    • IPDC Profit Jumps 74% to Tk 26.2 Crore in Nine Months of 2025
    • Marico Bangladesh Records Its Fastest Growth in 15 Years
    • BRAC Bank Makes History with Tk1,535 Crore Profit, the First Local Bank to Cross the Tk1,500 Crore Mark
    • Square Textile to Invest Tk40 Crore in Expansion and Merge Profitable Subsidiary
    • BYD to Recall 115,000 EVs Over Safety Issues
    • RFL Enters Tk3,000 Crore Particle Board Market with Tk200 Crore Bet on Plymax
    • Government to Power 46,000 Schools and Hospitals with Solar Energy by 2025
    • Foodpanda and Dongjin Join Hands to Drive Eco-Friendly Deliveries
    Subscribe
    Business BrillianzBusiness Brillianz
    Facebook X (Twitter) Instagram LinkedIn
    Thursday, October 30
    • Home
    • News
    • Innovation
    • Interviews
    • Leadership
    • Generations
    • Money
    • Investment
    • Our Services
      • Heir Management for Bangladeshi Companies
      • Profitability Consultancy for Suffering Companies
      • Market Leadership Consultancy
      • Market Intelligence Consultancy
    • Blog
    Business BrillianzBusiness Brillianz
    Home | Blog | Investment | Saudi Investors Eager to Establish Special Economic Zone in Payra
    Investment

    Saudi Investors Eager to Establish Special Economic Zone in Payra

    February 19, 2024Updated:February 20, 20242 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Saudi Investors Eager to Establish Special Economic Zone in Payra
    Share
    Facebook Twitter LinkedIn Copy Link

    Saudi investors have expressed keen interest in establishing a special economic zone (SEZ) in the Payra area of Kalapara upazila in Bangladesh’s Patuakhali district. Salman F Rahman, the private industry and investment adviser to the Prime Minister of Bangladesh, revealed this development during a press conference held at the Bangladesh Investment Development Authority (BIDA) premises in Dhaka. This announcement followed Rahman’s three-day visit to Saudi Arabia.

    The Bangladesh government aims to present the opportunity for investment in the establishment of an Economic Zone to Saudi Arabia. According to Rahman, the Saudi investment minister has also conveyed their willingness to set up the SEZ in Payra. Additionally, Bangladesh is interested in collaborating on the construction of a urea fertilizer factory in Saudi Arabia, jointly owned by both countries. This initiative aims to ensure a steady supply of this crucial agricultural input. Rahman mentioned that the proposed joint venture fertilizer factory is being considered for full import by Bangladesh after production in Saudi Arabia.

    The Saudi government has demonstrated interest in progressing with this proposal, with a feasibility study expected to be completed by March 2024. Rahman emphasized the potential for private sector investors to participate in this venture as well.

    In a bid to address the ongoing dollar crisis in Bangladesh, the government has sought cooperation from Saudi Arabia. Rahman mentioned that Bangladesh has requested an extended time span of one year, as opposed to the current 45 days, to settle energy import bills due to the dollar crisis. The Saudi counterpart has expressed willingness to consider this request.

    Saudi Arabia has also shown interest in investing in food security initiatives, specifically in the production of vegetables, fish, and other food products in Bangladesh, with plans to import these goods to their country.

    Rahman highlighted discussions about a joint research initiative between Bangladesh and the Saudi Arabian Rice Research Institute aimed at developing long-grade rice varieties. Additionally, he mentioned his representation of Bangladesh in joining the IMCTC on behalf of the Prime Minister and Defense Minister.

    The collaboration and agreements between Bangladesh and Saudi Arabia reflect a growing partnership in various sectors, ranging from economic development to security and agriculture.

    Saudi Investors Saudi Investors Eager to Establish Special Economic Zone in Payra Special Economic Zone in Payra

    Related Posts

    IPDC Profit Jumps 74% to Tk 26.2 Crore in Nine Months of 2025

    October 30, 2025

    Marico Bangladesh Records Its Fastest Growth in 15 Years

    October 29, 2025

    BRAC Bank Makes History with Tk1,535 Crore Profit, the First Local Bank to Cross the Tk1,500 Crore Mark

    October 26, 2025
    Leave A Reply Cancel Reply

    ShareTrip-New-Ads-Banner
    Swish-Banner-Ads
    Pathao Courier

    Category
    • AI (9)
    • Awards & Recognitions (7)
    • Building & Construction (1)
    • Digital Business (11)
    • Electronics (3)
    • Events (4)
    • Export & Import (12)
    • Finance & Banking (31)
    • Innovation (12)
    • Investment (22)
    • Leadership (2)
    • Lifestyle & Fashion (2)
    • Money (11)
    • News (209)
    • Newsletters (1)
    • Real Estate (1)
    • Small Business (3)
    • Tech (4)
    • Uncategorized (3)
    About Us
    About Us

    Business Brillianz is Delivering Cutting-Edge Updates, Strategies, and Expert Advice for Businesses.

    Quick Links
    • Home
    • Blog
    • About Us
    • Contact Us
    Our Terms
    • Privacy Policy
    • Terms and Conditions
    Facebook X (Twitter) Instagram LinkedIn
    Copyright © 2023 | Business Brillianz.

    Type above and press Enter to search. Press Esc to cancel.