Dhaka, Riyadh ink 5 MoUs on chemical, solar power

Bangladesh and Saudi Arabia on Wednesday signed five Memorandums of Understanding (MoUs) to enhance cooperation in chemical, steel and solar power sectors between the two countries.

The MoUs were inked after the meeting of prime minister Sheikh Hasina with the Saudi business community, including leaders of the Council of Saudi Chamber and Riyadh Chamber of Commerce, at King Saud Palace in Saudi Arabia.

The deals are an MoU on Concerning Principles of Cooperation between Bangladesh Chemical Industries and Engineering Dimension of Saudi Arabia; an MoU on Construction Cooperation between Bangladesh Chemical Industries Corporation and Hanwah Engineering of Saudi Arabia; an MoU between Bangladesh Steel & Engineering Corporation (BSEC) and Engineering Dimension of Saudi Arabia; an MoU between Industries Ministry of Bangladesh and Alfanar Company of Saudi Arabia on development of solar power project in Bangladesh; and an MoU between Bangladesh Economic Zones Authority (BEPZA) and Al Bawany Co Ltd of Saudi Arabia.

PMO secretary Sajjadul Hassan signed all the agreements on behalf of Bangladesh.