Sri Lanka’s President discuss foreign investments to the island with Kuwaiti Prime Minister
Sri Lanka’s President Gotabaya Rajapaksa has met with Kuwait Prime Minister Sheikh Sabah Al-Hamad Al-Sabah in New York and explained a multitude of investment opportunities in Sri Lanka.
The meeting was held on the sidelines of President Rajapaksa’s attendance at the UN General Assembly.
The President has drawn the attention of the Kuwaiti Prime Minister to the investment opportunities available in the Colombo Port City, renewable energy solar and oil refining sectors.
The two Heads of State have also discussed several other areas including food security, education, information technology and cyber security.
The close and friendly diplomatic relations between the two countries spanning for 50 years were discussed whilst the two leaders noted that these relations should be further strengthened.
Sri Lanka’s Foreign Minister Prof. G.L. Peiris, Principal Advisor to the President Lalith Weeratunga and Foreign Secretary Admiral Prof. Jayanath Colombage were also present at the discussion.
OSL take:
Sri Lanka is engaged in an aggressive development programme covering all key economic sectors in the country and has also accelerated its campaign to woo foreign direct investments to the country. Sri Lanka’s geographical positioning in the Indian Ocean, ease of doing business environment in the country and the many trade agreements as well as concessions enjoyed by Sri Lanka have all boosted the country’s image as an emerging business destination in the South Asian region. Given the resilience shown by Sri Lanka’s economy amidst the challenges posed by the Covid 19 pandemic, foreign businesses/investors could confidently explore the growing business/investment opportunities in Sri Lanka.
| Article Code : | VBS/AT/28092021/Z_7 |