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Saudi Arabia's International Islamic Trade Finance Corporation has signed a $1.4 billion financing plan with Bangladesh's government, enabling the state-owned fuel oil import and marketing authority, BPC, to import petroleum products and develop Bangladesh's energy infrastructure. The funds will be invested in various sectors related to the country's energy sector.

Saudi Arabia to invest $1.4 bn in Bangladesh’s energy sector

Saudi Arabia’s International Islamic Trade Finance Corporation has signed a $1.4 billion financing plan with Bangladesh’s government, enabling the state-owned fuel oil import and marketing authority, BPC, to import petroleum products and develop Bangladesh’s energy infrastructure. The funds will be invested in various sectors related to the country’s energy sector.

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