Sri Lankan delegation led by State Minister visit Qatar to attract investments
Sri Lankan delegation led by State Minister visit Qatar to attract investments to the island

Sri Lankan delegation led by State Minister visit Qatar to attract investments to the island

Sri Lankan delegation led by Sri Lanka’s State Minister of Finance, Capital Market and State Enterprise Reforms Ajith Nivard Cabraal has recently visited the State of Qatar to attend a series of meetings organized by the Embassy of Sri Lanka in Doha. Cabraal and his accompanying delegation consisting of members from the Central Bank of Sri Lanka had attended these meetings.

The Sri Lankan delegation led by State Minister Cabraal had reportedly met with State of Qatar Finance Minister Ali Shareef Al Emadi and had discussed issues of mutual interest while also agreeing to examine the ways and means to expand economic cooperation between the two countries and investment opportunities for Qatari companies in Sri Lanka.

The delegation had also met with Qatar Administrative Development, Labour and Social Affairs Minister Yousuf Mohamed Al Othman Fakhroo. During the meeting, the parties had reportedly reviewed aspects of joint cooperation in the field of labour and social affairs, and ways to support the economic co-operation between the two countries.

According to reports, the Sri Lankan delegation had also met with Qatar Central Bank Governor Sheikh Abdulla Bin Saoud Al-Thani and Deputy Governor Sheikh Mohammed Bin Hamad Al-Thani, and discussed modalities to establish and enhance counter-party relationships among financial intermediaries in both countries.
The Embassy of Sri Lanka in Doha had further arranged several more meetings with the Qatar Governmental dignitaries for the delegation and during the meeting between Qatar Investment Authority (QIA) CEO Mansoor bin Ebrahim Al Mahmoud and the Sri Lankan delegation, investment opportunities in Sri Lanka had been the focal point of the discussion.
Qatar Airways CEO Akbar Al Baker had reportedly reiterated that Qatar Airways operated daily flights to Colombo even during the COVID -19 pandemic and reassured the long-standing commitment and continued support for furthering the mutual relationship.
In addition, the Sri Lankan delegation had also held meetings with the CEOs of the leading banks in Qatar, namely Doha Bank and the Qatar National Bank (QNB).

OSL take:

Sri Lankan authorities are engaged in multi pronged approaches to promote business/investment opportunities in the island. Sri Lanka’s geographical positioning in the Indian ocean, ease of doing business environment and the many trade agreements as well as trade concessions enjoyed by the country have helped boost it as a business destination in the South Asian region. With Sri Lanka’s ongoing development programme, there are many business/investment opportunities covering all key economic sectors in the country.

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Article Code : VBS/AT/20210505/Z_1

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