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Published : 09 Mar 2025, 03:37 PM
Chief Advisor Muhammad Yunus has called on Kuwait to invest in a joint venture to establish a crude oil refinery in Bangladesh.
He made the call during a courtesy meeting with Ali Tunyan Abdul Wahab Hamadah, Kuwait's newly appointed ambassador to Dhaka, at the State Guest House Jamuna in Dhaka on Sunday, the Chief Advisor's Office said in a statement.
During the discussion, both sides reaffirmed their commitment to strengthening diplomatic, trade and economic ties. They explored opportunities for increased cooperation in investment, energy, food security, and migrant welfare.
They also emphasised expanding collaboration in renewable energy projects.
Welcoming the ambassador, the chief advisor highlighted the longstanding relationship between Bangladesh and Kuwait and called for deeper cooperation.
“Kuwait and Bangladesh are longstanding friends. There are many investment opportunities here, and halal food can be a great sector to explore. The global market for halal food is huge. I encourage you to include young people in this initiative,”
He also invited Kuwaiti investors to explore Bangladesh’s Special Economic Zones and participate in the Bangladesh Investment Conference in Dhaka from Apr 7-9.
“Bring investors from Kuwait during the summit. It will be a big opportunity for both countries,” he said.
Expressing the Gulf state's full support for Bangladesh’s interim government, Ambassador Hamadah conveyed the goodwill of Kuwait’s Prime Minister Ahmad Al-Abdullah Al-Ahmad Al-Sabah and the Kuwaiti people.
"We are looking forward to working together," he said.
The discussion also covered increasing crude oil imports from Kuwait to meet Bangladesh’s rising energy needs.
Yunus stressed the need to improve working conditions for Bangladeshi expatriate workers in Kuwait, particularly women.
He also acknowledged the defence cooperation between the two nations and praised the professionalism of Bangladeshi military personnel serving in Kuwait.
“Our partnership is built on mutual respect and cooperation. We are committed to expanding collaboration in trade, energy, and beyond,” the chief advisor said.
