Dhaka, Jan 05 (V7N) — Foreign Affairs Advisor Towhid Hossain acknowledged the lack of a conducive environment for foreign investment in Bangladesh during a seminar on Saudi-Bangladesh economic relations held at the Ministry of Foreign Affairs on Sunday.

The seminar featured candid discussions about the challenges foreign investors face in the country. The Saudi ambassador expressed concern that certain individuals in Bangladesh discourage foreign investment for personal gain. He revealed that Saudi oil giant Aramco, the world's largest oil company, had made multiple attempts to invest in Bangladesh but was not met with encouragement.

"Saudi Arabia and Bangladesh share a unique relationship. However, some obstacles persist that hinder economic cooperation," the Saudi ambassador stated.

Adding to the discussion, Financial Advisor Dr. Salahuddin Ahmed mentioned similar experiences faced by South Korea's Samsung, which was allegedly dismissed by the previous government at the airport itself. Dr. Ahmed remarked, "We may not be here for long, but we aim to leave behind examples of fostering better opportunities for foreign investors."

The seminar highlighted the urgent need for reforms and policy adjustments to attract and retain foreign investments, particularly from longstanding partners like Saudi Arabia.

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