DHAKA, March 13, 2023 (BSS) - The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) today claimed that the three-day business summit has gained its success as global leaders recognized the competence of Bangladesh.

"It is our great achievement that more than 300 foreign delegates join the summit through getting registration and they accepted the strength of Bangladesh," FBCCI president Md Jashim Uddin said at a press conference on the concluding of Bangladesh Business Summit held at Bangabandhu International Conference Center (BICC) in the city.

The FBCCI president said that the aim of the summit was showcasing the strength of Bangladesh before the world and Branding the country globally.

"Hopefully, we have gained our success and businesses from many of the countries will make investments in Bangladesh to take advantage of the growing domestic market, strategic location and young workforce," Jashim said.

He hoped that Saudi Arabia would make a significant amount of investment in Bangladesh as a minister of the country attended the summit and signed an agreement and three memoranda of understanding with Bangladesh aiming investment in many areas including fertilizer industry.

"After the successful completion of the business summit we are confident that the journey for the trillion dollar economy would also be successful," the chief of the country's apex trade body said.

Jashim said that many of the western countries have been relocating their manufacturing industries from China due to geopolitical reasons and Bangladesh would benefit from the relocation.

Prime minister Sheikh Hasina has assured private sector businesses that investors in the country would get all-out support from the government and the culture of red tape would be eliminated.

Prime minister Sheikh Hasina on Saturday inaugurated the Bangladesh Business Summit which featured three plenary sessions on strategic issues, 13 parallel sessions, business-to-business meets, networking sessions, an open house reception and guided tours for international delegates.

Ministers from several countries including the United Kingdom, the Kingdom of Saudi Arabia, and Bhutan, CEOs of 12 multinational companies and more than 200 foreign investors took part in the summit.