Wednesday, October 4, 2023

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China’s GoalFore enters Sri Lanka’s investment market

GoalFore Advisory Company, one of China’s leading investment and investment facilitation companies, has announced its strategic cooperation with STS International (Pvt.) Ltd, an investment and project consultancy company in Sri Lanka.

Expanding its global foothold, GoalFore plans to establish its presence in the lucrative investment economy of Sri Lanka. 

Accordingly, forming a strategic partnership with STS International for investment projects in a gamut of sectors in Sri Lanka, is a milestone achievement and a boost to the existing Sino-Lanka bilateral relationship, local company officials said..

Under this Strategic Cooperation Agreement (SCA), GoalFore intends investing on its own as well as acting as a catalyst for many other leading Chinese state and private listed companies to invest in various sectors in Sri Lanka focusing mainly on renewable energy sector.

GoalFore’s other core areas of interest and investments include transportation, water, petrochemical and construction sectors in Southeast Asia, Australasia, Middle East/ North Africa (MENA), South Africa and Latin America.

GoalFore is specialised in providing strategic consulting and competition/cooperation strategy for a niche clientele infrastructural contractors and investors, the officials said.

Having served more than 500 major clients, GoalFore has successful experiences and in-depth understanding of clients in China as well as around the globe.

STS International (Pvt) Ltd represents many leading international companies including some of the Fortune 500 companies for infrastructure development and various investment related projects in sectors such as agriculture and dairy development, power and renewable energy, water supply and sewerage, irrigation etc over the past years.

According to Mahesh Jayasinghe, Managing Director of STS International, “STS strives to stay true to its mission of becoming the most credible and dedicated consultant in Sri Lanka. STS represents a number of large-scale enterprises from China, India, Middle East, USA, Europe etc. Through this strategic partnership, Goalfore intends to bring in close to US$1 billion to be invested in various sectors, mainly in renewable energy projects’.

Commenting on the strategic partnership with STS, GoalFore Managing Director Liu Yi said GoalFore identifies Sri Lanka as one of the most potential and fastest growing economies in South Asia despite the effects of the global pandemic. 

“Our clientele sees opportunities for investment in many sectors, especially the renewable energy sector with investment in projects from 10 MW to 100 MW and over, in capacity. We are open for various cooperation models including Joint Ventures with private operators which are currently active in this sector. STS has been a strong partner of GoalFore for quite some time, and we believe the SCA will further strengthen our cooperation and give confidence to our investors to enter the Sri Lanka market

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