Saudi Press

Saudi Arabia and the world
Saturday, Mar 28, 2026

Bangladesh-Saudi Partnership Fuels Workforce Development and Economic Growth Amid Vision 2030 Goals

Saudi Arabia and Bangladesh forge partnership for workforce development, aligning with Vision 2030 goals.
Bangladesh and Saudi Arabia are strengthening bonds through a newly forged partnership focusing on workforce development and economic growth. During a meeting in Dhaka, Dr. Muhammad Yunus sought Saudi support for training Bangladeshi workers, which aligns perfectly with Saudi Arabia's Vision 2030 and could augment remittances and boost entrepreneurship among Bangladeshi youth.

In a related visit, UN rights chief Volker Turk addressed the youth at Dhaka University, calling on them to uphold democracy post-Hasina uprising. Turk emphasized strengthening democratic institutions rather than dismantling them, a call that complements the aspirations of young Bangladeshis eyeing a better future.

Meanwhile, Saudi Arabia, keen on economic diversification, is ambitiously expanding its renewable energy sector with a target of 50% renewable power by 2030, without reducing its oil capacity. According to Energy Minister Prince Abdulaziz, Saudi's progress in energy efficiency is a cornerstone of these plans, echoing its commitment to sustainable growth.

On a related energy note, Saudi Aramco's CEO Amin Nasser has predicted an increase in global oil demand in 2023. Highlighting balanced demand-supply fundamentals, Nasser also detailed Aramco’s carbon capture initiatives, underscoring Saudi's quest for sustainability.

As Saudi Arabia expands its global connections, El Salvador emerges as a new partner, enhancing commercial and cultural ties with the Kingdom. Vice President Felix Ulloa at the Future Investment Initiative highlighted this growing relationship, which promises to attract investment in key sectors like tourism and technology.

Finally, the Saudi stock market presented mixed financial results, with the Tadawul All Share Index inching up slightly. Despite the uptick, varied company performances, such as Zain's notable profit decline and Thimar's net loss, illustrate the complex dynamics within the market.
Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
Ukraine and Saudi Arabia Reach ‘Mutually Beneficial’ Defence Agreement
Ukraine to Share Battlefield Expertise with Saudi Arabia Under New Defence Agreement
Trump Takes Center Stage at Saudi Arabia’s FII Miami Amid Escalating Iran Conflict
Gulf States Explore Pipeline Routes to Bypass Strait of Hormuz Amid Rising Tensions
Iran Conflict Drives Saudi Arabia to Deepen Security Ties with Ukraine
Saudi Arabia Reviews Desert Ski Resort Plans with Cancellation of Key Building Contracts
Saudi Arabia Targets Business Hotel Shortfall with $1 Billion Development Push
Iran and Allied Forces Intensify Strikes on Energy Sites and Urban Areas Across Region
Ukraine and Saudi Arabia Formalise Defence Cooperation Agreement, Zelenskiy Announces
Saudi Arabia Reportedly Presses US to Intensify Operations Against Iran
Saudi Arabia Expands Maritime Network with Launch of Six New Shipping Services
Saudi Arabia Launches FII Summit Amid Heightened Focus on Global Stability and Investment Risks
Saudi Arabia’s HUMAIN Secures First US Customer in Expansion of AI Capabilities
Saudi Arabia Calls on US to Seize Strategic Opportunity to Reshape the Middle East
Saudi Arabia’s Strategic Investments Help Shape Silicon Valley’s Rise
Saudi Arabia Announces Passing of King Abdullah, Marking End of an Era
Saudi Arabia May Shift From Neutrality to Retaliation if Houthi Attacks Escalate, Experts Warn
UAE and Saudi Arabia Urge Decisive US Action on Iran as Regional Pressure Intensifies
Zelensky Visits Saudi Arabia After Offering Ukraine’s Drone Expertise
Saudi Arabia Pauses Ambitious Desert Ski Project Amid Strategic Reassessment
Trump Set for Palm Beach Return Following Saudi-Backed Summit in Miami
Saudi Arabia Accelerates Yanbu Oil Exports Toward Five Million Barrel Target
Report Highlights Saudi-US Security Discussions as Trump Administration Evaluates Iran Strategy
Saudi Arabia’s Humain Commits Three Billion Dollars to Elon Musk’s xAI in Strategic Technology Push
Saudi Arabia Signals Firm Shift in Iran Policy, Declares Coexistence No Longer Viable
Saudi Clubs Prepare Major Push to Sign Mohamed Salah Amid Growing Transfer Speculation
Saudi Arabia Rejects Claims It Seeks to Prolong Regional Conflict
Saudi Arabia Condemns Iranian Actions and Signals Firm Shift Toward Stronger Response
Saudi Arabia Reassesses Strategic Approach as Regional Tensions with Iran Intensify
Pakistan Reaffirms Strong Support for Saudi Arabia Following High-Level Visit
Saudi Arabia Expands Regional Trade Links by Opening New Land and Sea Routes to UAE
World Economic Forum Delays Saudi Conference as Regional Conflict Disrupts Global Agenda
Saudi Arabia and UAE Signal Potential Entry into Iran Conflict if Critical Infrastructure Is Targeted
Global Firms Accelerate Expansion into Saudi Arabia as Economic Reforms Gain Momentum
Global Labour Pressure Mounts as ILO Faces Calls to Reject Saudi Bid to Dismiss Migrant Worker Complaint
Gulf Powers Move Closer to Entering Iran Conflict as Regional Pressure Intensifies
Saudi Arabia Breaks Ranks with Regional Allies Over Response to Iran Escalation
Saudi Arabia Moves Closer to Direct Role as Iran Conflict Intensifies
World Economic Forum Postpones Jeddah Meeting Amid Escalating Regional Tensions
Saudi Crown Prince Reportedly Urges Trump to Sustain Military Pressure on Iran
Trump to Deliver Keynote Address at Saudi-Backed Investment Summit in Miami Beach
Saudi Arabia and Kuwait Press Ahead With Energy Agreements Despite Regional Conflict
Can Saudi Arabia’s Yanbu Port Replace Hormuz? Capacity Limits Test Critical Oil Lifeline
Saudi Arabia Detects Ballistic Missiles as Regional Tensions Escalate in Gulf
Saudi Aramco Reduces Oil Shipments to Asia for Second Consecutive Month
Saudi Aramco Reduces Oil Shipments to Asia for Second Consecutive Month
Saudi Arabia and UAE Push Ahead With Major Deals Despite Iran-Related Uncertainty
Formula One Cancels Bahrain and Saudi Arabia Grands Prix Amid Escalating Regional Tensions
Pakistan Signals Strategic Realignment Toward Saudi Arabia Amid Regional Tensions
Saudi Arabia Cuts Oil Shipments to Asia as Regional Conflict Disrupts Key Export Routes
×