Saudi Press

Saudi Arabia and the world
Saturday, Apr 11, 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
Strategic Saudi-Bahrain Causeway Closed Amid Security Concerns as Trump Deadline Approaches
Saudi Arabia Keeps Red Sea Oil Exports Flowing Despite Regional Tensions
Pipeline Attack Cuts Significant Share of Saudi Arabia’s Oil Export Capacity
Saudi Business Leader Abudawood Appointed Chairman of Merit Incentives Group
TotalEnergies Confirms Damage at Saudi Refinery Following Security Incident
Saudi Arabia Launches Early Construction Phase for King Salman Stadium Project
Saudi Shift Away from Longstanding Dollar Oil Framework Gains Attention Amid Iran Conflict
Türkiye and Saudi Arabia Resolve Long-Running Transit Visa Dispute
Saudi Oil Capacity and Pipeline Flows Reduced as Supply Risks Intensify
TotalEnergies Reports Damage to Saudi SATORP Refinery Following Security Incidents
Gulf States Assess Prospects of U.S.-Iran Truce as Regional Stability Efforts Intensify
South Korea Resumes Honey Exports to Saudi Arabia Following Sanitary Approval
Saudi Arabia Carries Out Sentences in Eastern Province Following Security Convictions
Saudi Sovereign Wealth Fund Backs King Street’s Regional Credit Strategy
Saudi Arabia Secures World Cup Return as Egypt Celebrates Landmark Qualification
Iran and Saudi Arabia Intensify Diplomatic Engagement Amid Regional Tensions
Russia and Saudi Arabia Open Visa-Free Travel Corridor for Citizens
Saudi Oil Output Capacity Reduced by 600,000 Barrels Per Day Amid Regional Conflict
Saudi Arabia Suspends Operations at Select Energy Sites as Precautionary Measure
Saudi Arabia Halts Operations at Multiple Energy Facilities Amid Heightened Tensions
Global Markets Jolt as Iran Signals Ceasefire Breakdown and Rising Regional Tensions
King Street Aligns with Saudi Sovereign Wealth Fund to Expand Alternative Investments in Middle East
Attack on Saudi Arabia’s Jubail Petrochemical Hub Raises Global Supply Concerns
Debate Emerges Over Saudi Strategic Decisions as Gulf Cooperation Council Dynamics Come Into Focus
Saudi Arabia Expands Full Workforce Localisation to 69 Professions in Major Labour Reform
Emerging Alliance of Pakistan, Turkey, Egypt and Saudi Arabia Signals New Regional Power Dynamic Amid Iran Conflict
Iran Linked to Strikes Across Gulf States Following Refinery Attack Escalation
Saudi Arabia Voices Concern Over Fragile US–Iran Ceasefire Stability
Starmer Warns Sustained Effort Needed to Ensure US–Iran Ceasefire Holds
Saudi Arabia’s Key East-West Oil Pipeline Targeted Following Ceasefire Announcement
Iran Targets Saudi Arabia’s East-West Oil Pipeline in Escalating Regional Tensions
Trump Warns of Civilizational Stakes as Iran Halts Negotiations
Saudi Companies Expand Remote Work Measures Ahead of Iran-Related Security Concerns
Iran Warns of Strikes on Saudi Energy Infrastructure if US Targets Its Facilities
Iran Urges Civilians to Form Human Shields Around Nuclear Sites as Diplomatic Deadline Approaches
Saudi Arabia Raises Oil Prices to Record Premiums Amid Supply Pressures Linked to Iran Conflict
Key Saudi-Bahrain Causeway Closed Amid Heightened Security Concerns Linked to Iran
Formula One Calendar Gap Explained as Fans Await Next Grand Prix
Growing Strain on the Petrodollar System Comes Into Focus Amid Iran Conflict
Reported Strike on Saudi Arabia’s Jubail Complex Raises Global Energy Supply Concerns
FedEx Introduces New Digital Tool to Streamline Imports into Saudi Arabia
Iran Claims Strike on Saudi Arabia’s Jubail Petrochemical Complex Amid Rising Regional Tensions
Taiwan to Source Oil Shipments from Saudi Arabia’s Red Sea Ports
Saudi Arabia Evacuates Riyadh Financial District as Precaution Amid Regional Tensions
Saudi Arabia Balances Ambitious Economic Vision Amid Regional Tensions and Financial Pressures
Budget Saudi Arabia Reports Strong Full-Year 2025 Financial Performance
Saudi Arabia Expands Investment in Capcom With Stake Reaching Six Percent
Saudi Arabia Assesses Significant Economic Impact From Regional Conflict Involving Iran
US Beef Secures Expanded Market Access in Saudi Arabia
Jordan and Saudi Arabia Declare Absolute Solidarity in Response to Iranian Threats
×