, Oct. 5 -- member high-powered business delegation from Saudi Arabia will arrive in Dhaka on Monday to join a three-day business summit, marking the official launch of the Saudi Arab-Bangladesh Chamber of Commerce and Industry (SABCCI), Bangladesh's first bilateral chamber with a Middle East country.

The announcement was made by SABCCI President Ashraful Haq Chowdhury at a press conference held in Gulshan, Dhaka, on Sunday.

The summit and the subsequent launch of SABCCI are expected to significantly boost commercial and investment ties between Saudi Arabia and Bangladesh, said Ashraful Haq.

He was accompanied by SABCCI Vice President Ahmed Yusuf Walid, Pran-RFL Group Director Uzma Chowdhury and City Bank Deputy Managing Director Mesba...