SLBC UAE holds high-level talks with Sri Lankan President
Daily FT: The Sri Lanka Business Council UAE (SLBC UAE) held a high-level meeting with President Anura Kumara Dissanayake on 12 February at the Jumeirah Beach Hotel.
The SLBC UAE delegation was led by Chairman Suren Swaminathan and included five distinguished lifelong members: a founding member, former Chairman, and Eminent Senior Advisor to the Board Farook Kassim, Eminent Senior Advisor Gamini Kannangara, Director of Investment Promotion M. Rusan Fyroze, Dunstan Rozairo and June Manoharan.
President Dissanayake was accompanied by Governor Hanif Yusoof and Foreign Affairs Minister Vijitha Herath. Also present were, Consul General of Sri Lanka in Dubai Alexis Gunasekara and Sri Lankan Embassy in Abu Dhabi Chargé d’Affaires Thakshila Arnolda.
The meeting served as a pivotal platform for strengthening trade, investment, and economic collaboration between Sri Lanka and the UAE. Discussions centred on enhancing bilateral business relations, attracting investment opportunities, and expanding support for Sri Lankan entrepreneurs and professionals in the region.
OSL take:
Sri Lanka is in the process of further strengthening and expanding existing trade ties with foreign countries while also looking at developing new trade ties. The increasing bilateral, trade, business and investment ties have pushed the Sri Lankan government to work on attracting more foreign businesses and investors to explore the expanding business/investment opportunities in Sri Lanka and engage in key economic sectors in the country. With the Sri Lankan government looking at strengthening ties with the Middle Eastern region, the discussions with the UAE to promote Sri Lanka as a business/investment destination in the South Asian region would present many lucrative opportunities to UAE businesses/investors. Given Sri Lanka’s strategic positioning in the Indian Ocean and the strong trade ties enjoyed with many foreign countries while targeting on becoming a regional hub, the business/investment opportunities would present many lucrative ventures with the potential for further expansion. UAE businesses/investors could therefore look at the expanding opportunities in Sri Lanka while also looking at setting up bases in Sri Lanka in order to engage with other countries in the region. Collaborations could also be formed with local businesses to also expand operations.
| Article Code : | VBS/AT/2025021/Z_3 |