Sri Lanka’s Prime Minister meets with group of investors from Oman - Opportunity Sri Lanka
Sri Lanka’s Prime Minister meets with group of investors from Oman

Sri Lanka’s Prime Minister meets with group of investors from Oman

Sri Lanka’s Prime Minister Mahinda Rajapaksa has reportedly welcomed an Omani delegation from Shumookh Investment and Services, which is the investment arm of Madayn (Public Establishment for Industrial Estates) of the Sultanate of Oman recently.
The Times of Oman has reported that the Shumookh delegation had comprised of Chief Executive Officer Eng. Musallam Juma Al Hadaifi, Executive Director Abdullah Al Bulushi, and Shumookh Legal Counsel Robin Mande. Ambassador of the Sultanate of Oman to Sri Lanka Al Sheikh Jumah Hamdan Al Shehhi and First Secretary Mohammed Al Mukhaini of the Omani Embassy in Colombo had joined the delegation during the meeting.
Prime Minister Rajapaksa and the Omani delegation had reportedly discussed ways and means to enhance economic cooperation between Sri Lanka and Oman, including investment opportunities in particular.
The Omani delegation had also met with Sri Lanka’s State Minister of Finance, Capital Markets and State Enterprise Reforms Ajith Nivard Cabraal at the Ministry of Finance in Colombo and had explored areas for economic collaboration.

According to the news report, the delegation had also held a series of meetings, including with officials of different Ministries, Central Bank of Sri Lanka and with the Chairman of Sri Lanka’s Board of Investment (BOI).
The Sri Lanka Embassy in Muscat together with the Embassy of Oman in Colombo had organised the above visit to Sri Lanka from Shumookh Investment and Services of Madayn Oman under the investment bubble corridor.
According to Ambassador of Sri Lanka to the Sultanate of Oman Ameer Ajwad, the above visit of a delegation from Madayn Oman to Sri Lanka would open new vistas for economic cooperation between the two countries.

OSL take:

Sri Lanka is on the path to attracting foreign businesses/investors to the country after recommencing economic activities following the Covid 19 lockdown. The country has also launched an aggressive development programme to ensure the expansion of Sri Lanka’s business/investment opportunities. Sri Lanka is poising itself to become the emerging business destination in the South Asian region given it’s geographical positioning in the Indian ocean and the many trade agreements as well as trade concessions enjoyed by the country. All this has resulted in an increase in the business/investment opportunities in Sri Lanka’s key economic sectors.

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Article Code : VBS/AT/02072021/Z_1

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