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Saudi Arabia and Bangladesh met this week in Riyadh to discuss economic and trade opportunities, according to Bangladesh Ambassador. The meeting is aimed at securing tangible benefits for both parties in terms of their economies, trade, investment, education, culture, human resource development, health, agriculture, manpower cooperation and other area.
The ambassador said there are investment opportunities in various sectors in Bangladesh whose economy recorded an annual growth rate of over 6 percent in spite of multiple crises and climate change issues. The government is determined to further increase growth until 2021 and sustain it thereafter to make Bangladesh a middle-income country.
Efforts are underway to develop strong regional connectivity with roads, railways and waterways with a view to taking advantage of the unique strategic location of the country between south and Southeast Asia and physical proximity to China, with the potential to become the economic hub of the region.
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