Saudi company to invest $1.75B in Bangladesh

TBS Report

29 November, 2021, 08:15 pm

Last modified: 29 November, 2021, 09:31 pm

Saudi company to invest $1.75B in Bangladesh

TBS Report

29 November, 2021, 08:15 pm

Last modified: 29 November, 2021, 09:31 pm

Saudi company to invest $1.75B in Bangladesh

Saudi Arabian company Engineering Dimensions will invest $1.75 billion in Bangladesh.

Chairman of Bangladesh Investment Development Authority (BIDA) Sirajul Islam confirmed the news to The Business Standard.

The Saudi company will jointly invest in two companies in Bangladesh.

Keep updated, follow The Business Standard's Google news channel

Engineering Dimension has decided to invest $1.75 billion very shortly through MoUs, including-

With Dipon Engineering: Strategic partnership for setting up fertilizer, paper mill, sugar-processing industry ($1.5 billion)
With Titas Enterprise: Petrochemical logistics hub (Chattogram) - ($150 million)

Engineering Dimension has already invested in power generator production and a large scale cement factory.

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Brick structures buried underground are often found in the surrounding areas of Paharpur Bihar. Until declared an archaeological site, these structures cannot be protected.Photo: Syed Zakir Hossain

The underinvested potential of archaeotourism in Bangladesh

18h | Panorama

Practical vehicles form the majority of everyday traffic and are designed to prioritise function over form. Yet, if you have the will to do it, then its definitely possible to make them stand out. PHOTO: Akif Hamid

5 ways to make your daily commuter stand out

1d | Wheels

File photo of girls in Chattogram roads wearing masks.

Breathing the unbearable: Choking reality of Dhaka's toxic air

1d | Features

The failure to establish a robust industrial sector in Bangladesh has led young graduates to pursue BCS. Photo: TBS

What is keeping educated youth from entering the traditional workforce?

1d | Panorama

Ukraine claims two North Korean soldiers detained in Russia's Kursk region

Ukraine claims two North Korean soldiers detained in Russia's Kursk region

58m | Videos

California death toll rises to 24 as Los Angeles fire chief says ready for strong winds

California death toll rises to 24 as Los Angeles fire chief says ready for strong winds

1h | Videos

Tk2,300 crore irregularities detected in Nagad: Governor

Tk2,300 crore irregularities detected in Nagad: Governor

2h | TBS Stories

What is the 'National Prayer Breakfast,' where three BNP leaders received an invitation?

What is the 'National Prayer Breakfast,' where three BNP leaders received an invitation?

2h | Videos