A five-day single-country Bangladesh trade fair will start March 12 next in Riyadh for promotion of local export products to the Kingdom of Saudi Arabia (KSA).

Saudi deputy commerce and industry minister is likely to inaugurate the fair.

The Riyadh-based Bangladesh Business Community (BBC) will organise the fair.

BBC leaders disclosed this at a press conference held at a city hotel Sunday.

The fair will be held at Riyadh Palace Hotel in the KSA capital. Around 200 stalls are likely to be set up in the fair.

Agro-based industrial, light engineering and ceramic and melamine products will be put on display at the fair. Real estate companies, pharmaceutical companies and others are likely to join the fair.

Addressing the press conference, BBC president Mohammad Sharif Hossain said that Bangladesh could minimise the trade gap with the KSA through enhancing export to that country.

He also said there exists vast potentials for exporting local pharmaceutical products and garments to the KSA and Bangladesh could reduce the trade gap by increasing its export.

Bangladesh imported goods worth around US$ 250 million from KSA while it exported products worth $70 million to that country in the last fiscal.