Saudi Prince Talal offers huge investment
Bangladesh delegation to visit S Arabia to finalise projects
Dhaka, June 10 (UNB) – Saudi business tycoon Prince Alwaleed bin Talal Bin Abdulaziz on Sunday offered to invest in a big way in Bangladesh, especially in infrastructure, power and energy, tourism and hospitality sectors.
Alwaleed bin Talal Bin Abdulaziz, the founder and CEO of Saudi Arabia's Kingdom Holding Company (KHC), made the investment proposals during separate meetings with President Zillur Rahman, Prime Minister Sheikh Hasina and Foreign Minister Dipu Moni.
“I want to work for the development of poor people in Bangladesh,” the Saudi Prince said when he met President Zillur Rahman at Bangabhaban in the afternoon.
During the meeting, the Prince said Saudi Arabia will explore other possible sectors in Bangladesh where they could make investment, and hoped that a business delegation from Bangladesh will soon visit Saudi Arabia to finalise the matter.
He lauded Bangladeshis working in Saudi Arabia describing them as ‘very polite, gentle, and hard-working’.
President Zillur Rahman welcomed the Saudi Prince to Bangabhaban and expressed his gratitude for assistance and cooperation of Saudi Arabia for reconstruction works after the country’s Liberation War.
President Zillur urged Saudi Arabia to invest more in Bangladesh and recruit more manpower from here.
Earlier, the Saudi billionaire Prince met Prime Minister Sheikh Hasina at Sonargaon Hotel. PM’s Press Secretary Abul Kalam Azad briefed reporters about the outcomes of the meeting.
Abul Kalam Azad said the Prime Minister invited Saudi investment and said this could be under government-to-government, public-private partnership or joint ventures.
She also urged Saudi Arabia to recruit more Bangladeshi doctors, engineers, paramedics, nurses, IT specialists, accountants, skilled and semiskilled workers in its new projects.
Hasina, however, called for removing restrictions on recruitment of certain categories of workers. “Bangladeshi workers are loyal, pious, disciplined and hard-working, and they respect local laws,” Hasina told the Prince.
The Saudi Prince highly appreciated Bangladesh’s steady economic growth despite worldwide economic meltdown.
Hasina mentioned that her government is giving utmost importance to food security, education, health and housing sectors despite global economic recession.
Later, the Prime Minister conferred Bangladesh Friendship Medal on the Saudi Prince.
Prince Talal, the Middle East’s richest capitalist, also had a meeting with Foreign Minister Dipu Moni at the same posh city hotel in the afternoon.
After the meeting, Dipu Moni told reporters that she discussed with him the possibility of investment in the power and development of the tourism sectors. ‘’The Prince has expressed his willingness and our discussion will continue,’’ Dipu said.
She said a small team from Bangladesh will visit Saudi Arabia within a couple of months to discuss specific projects with the officials of Prince Talal’s companies.
The Prince came here on a brief good will visit to Dhaka at the invitation of the Foreign Minister.
The Saudi Prince who had arrived Hazrat Shahjalal International Airport in a special flight at about 10:45am left the city around 3pm wrapping up his nearly five-hour whirlwind visit.
Earlier, in 2005, he visited Bangladesh and showed his interest to buy Sonargaon Hotel. His company KHC is one of the world's leading hotel investors.
Prince Talal garners most of his net worth about $10.7 billion-from a 95 percent stake in his Saudi-listed investment vehicle, ¬ Kingdom Holding Co., whose assets include shares in Apple, Citigroup and part of the Four Seasons Hotels.
Kingdom Holding Company (KHC) is one of the world’s largest and most diversified private investment companies. It is controlled by Prince Talal and headquartered in Kingdom Centre in Riyadh, Saudi Arabia.
Alwaleed bin Talal Bin Abdulaziz, the founder and CEO of Saudi Arabia's Kingdom Holding Company (KHC), made the investment proposals during separate meetings with President Zillur Rahman, Prime Minister Sheikh Hasina and Foreign Minister Dipu Moni.
“I want to work for the development of poor people in Bangladesh,” the Saudi Prince said when he met President Zillur Rahman at Bangabhaban in the afternoon.
During the meeting, the Prince said Saudi Arabia will explore other possible sectors in Bangladesh where they could make investment, and hoped that a business delegation from Bangladesh will soon visit Saudi Arabia to finalise the matter.
He lauded Bangladeshis working in Saudi Arabia describing them as ‘very polite, gentle, and hard-working’.
President Zillur Rahman welcomed the Saudi Prince to Bangabhaban and expressed his gratitude for assistance and cooperation of Saudi Arabia for reconstruction works after the country’s Liberation War.
President Zillur urged Saudi Arabia to invest more in Bangladesh and recruit more manpower from here.
Earlier, the Saudi billionaire Prince met Prime Minister Sheikh Hasina at Sonargaon Hotel. PM’s Press Secretary Abul Kalam Azad briefed reporters about the outcomes of the meeting.
Abul Kalam Azad said the Prime Minister invited Saudi investment and said this could be under government-to-government, public-private partnership or joint ventures.
She also urged Saudi Arabia to recruit more Bangladeshi doctors, engineers, paramedics, nurses, IT specialists, accountants, skilled and semiskilled workers in its new projects.
Hasina, however, called for removing restrictions on recruitment of certain categories of workers. “Bangladeshi workers are loyal, pious, disciplined and hard-working, and they respect local laws,” Hasina told the Prince.
The Saudi Prince highly appreciated Bangladesh’s steady economic growth despite worldwide economic meltdown.
Hasina mentioned that her government is giving utmost importance to food security, education, health and housing sectors despite global economic recession.
Later, the Prime Minister conferred Bangladesh Friendship Medal on the Saudi Prince.
Prince Talal, the Middle East’s richest capitalist, also had a meeting with Foreign Minister Dipu Moni at the same posh city hotel in the afternoon.
After the meeting, Dipu Moni told reporters that she discussed with him the possibility of investment in the power and development of the tourism sectors. ‘’The Prince has expressed his willingness and our discussion will continue,’’ Dipu said.
She said a small team from Bangladesh will visit Saudi Arabia within a couple of months to discuss specific projects with the officials of Prince Talal’s companies.
The Prince came here on a brief good will visit to Dhaka at the invitation of the Foreign Minister.
The Saudi Prince who had arrived Hazrat Shahjalal International Airport in a special flight at about 10:45am left the city around 3pm wrapping up his nearly five-hour whirlwind visit.
Earlier, in 2005, he visited Bangladesh and showed his interest to buy Sonargaon Hotel. His company KHC is one of the world's leading hotel investors.
Prince Talal garners most of his net worth about $10.7 billion-from a 95 percent stake in his Saudi-listed investment vehicle, ¬ Kingdom Holding Co., whose assets include shares in Apple, Citigroup and part of the Four Seasons Hotels.
Kingdom Holding Company (KHC) is one of the world’s largest and most diversified private investment companies. It is controlled by Prince Talal and headquartered in Kingdom Centre in Riyadh, Saudi Arabia.
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