Bangladesh: The government-owned Bangladesh Chemical Industries Corporation (BCIC) has signed a memorandum of understanding with Saudi Arabia’s Al Rajhi Group to build a new production line and a captive power plant at the Chhatak cement plant. The project is a joint venture between the companies and it will be run as a public-private partnership. The new cement line and power plant will have a production capacity of 1.5 MT/yr and 330 MW respectively.