Govt approves urea import deal with Saudi Arabia's SABIC

The government has given the green light to a proposal for signing an agreement between the Bangladesh Chemical Industries Corporation (BCIC) and Saudi Arabia’s SABIC Agri-Nutrients Company to import urea fertilizer under a government-to-government (G2G) arrangement for the current fiscal year.

The approval was granted at the 23rd meeting of the Cabinet Committee on Economic Affairs, held on Tuesday at the Cabinet Division Conference Room in the Bangladesh Secretariat. The meeting was chaired by Finance Adviser Dr. Salehuddin Ahmed.

Following the meeting, Dr. Ahmed briefed reporters about the key decisions.

In addition to the fertilizer deal, the committee also approved, in principle, a proposal to hand over Jalil Textile Mills Limited—located in Bhatiari, Chattogram, and currently under the Bangladesh Jute Mills Corporation (BJMC)—to the Bangladesh Army. The move aims to facilitate the expansion of Bangladesh Ordnance Factories (BOF) operations in the region.

The meeting was attended by relevant government advisers and secretaries.