Bangladesh is planning to set up a urea fertilizer factory in the Kingdom of Saudi Arabia (KSA) through joint-venture investment, reports UNB.  

The information was revealed at a meeting between Prime Minister's Private Sector Industry and Investment Adviser Salman F Rahman and Saudi Commerce and Media Minister Majid bin Abdullah Al Qasabi at Saudi Arabia on Tuesday.

According to a press release on Wednesday, Salman F Rahman urged the Saudi minister to support the initiative of setting up urea fertilizer factory in Saudi Arabia.

He also sought assistance for ensuring duty-free entry of 213 products from Bangladesh into Saudi Arabia.

In his speech, Majid bin Abdullah Al Qasabi assured Salman F Rahman to provide all sorts of support to Bangladesh in setting up the Urea fertilizer factory and duty-free access into Saudi Arabia.

After the meeting, Salman F Rahman met Chief Executive Officer (CEO) of the Saudi Basic Industries Corporation (SABIC) Abdul Rahman Al-Fagi.

During the meeting, a concept note of the proposed JV fertilizer factory was presented.

Abdul Rahman Al-Fagi welcomed the concept note and gave consent to take next steps to this end, added the release.

Bd-pratidin English/Golam Rosul