Sri Lanka’s OSL Global signs MoU with Middle East Liaoning Province General Chamber of Commerce
Sri Lanka’s OSL Global Pvt Ltd has recently signed a significant Memorandum of Understanding (MoU) with the Middle East Liaoning Province General Chamber of Commerce.
This strategic agreement aims to enhance cooperation and explore mutual business opportunities between the two entities. The signing ceremony took place in Colombo and marked a pivotal step in strengthening international business relations.
The Middle East Liaoning Province General Chamber of Commerce was represented by its President, who had highlighted the potential for economic growth and increased trade between the two regions. A notable presence at the event was Prasanna Vithanage, a director from Welvaart Solutions Pvt Ltd.
The MoU is expected to serve as a framework for future collaborations between the two entities and will pave the way for robust business engagements in the future. Both parties have expressed optimism about the future prospects and have expressed commitment to working towards achieving the objectives outlined in the agreement.
OSL Global notes that the MoU marks the beginning of a promising journey, reflecting a shared commitment to fostering international business relations and creating new opportunities for growth and development between Sri Lanka and the Middle East.
OSL take:
Sri Lanka’s ongoing economic activities and the target of becoming a regional hub have all resulted in the expansion of many local businesses to business markets while foreign businesses/investors also continue to explore business/investment opportunities in Sri Lanka. Local authorities are engaged in many promotional campaigns in foreign markets to attract foreign businesses/investors to Sri Lanka while also looking at expanding Sri Lanka’s exports market. Sri Lanka’s geographical positioning in the Indian Ocean and the many trade agreements as well as trade concessions enjoyed by the country with many foreign countries have boosted the country’s attraction as an emerging business destination in the South Asian region. It is in such a backdrop that OSL Global has formed a promising partnership with the Middle East Liaoning Province General Chamber of Commerce that would further expand ties between Sri Lanka and the Middle East. It is a clear indication of the growing business potential in Sri Lanka. Local businesses looking at engaging with the Middle East could look at forming connections through OSL Global as well.