November 22, Colombo (LNW): Sri Lanka’s Ambassador to the Kingdom of Saudi Arabia, Ameer Ajwad, met with Sara Al-Sayed, Deputy Minister of Investment for International Relations of Saudi Arabia and Deputy CEO of the Saudi Investment Promotion Authority (SIPA), to discuss investment opportunities in Sri Lanka. During the meeting, Ambassador Ajwad highlighted the potential for Saudi investors in Port City Colombo and other strategic sectors.
Ambassador Ajwad elaborated on lucrative investment opportunities available in agriculture, aquaculture, tourism, ICT, and the pharmaceutical sector. He extended an invitation for Saudi investors to explore these sectors for mutual benefit and emphasized Sri Lanka’s readiness to support foreign investments with favorable policies and incentives.
The Ambassador also presented detailed information on the Port City Colombo, a state-of-the-art multi-service special economic zone (SEZ) designed to leverage strategic international connectivity by land, sea, and air. The project offers cutting-edge infrastructure and a conducive environment for global investors.
Both parties agreed to continue discussions and identify actionable steps to enhance investment collaboration. This meeting follows the recent signing of a Memorandum of Understanding (MoU) between Sri Lanka and Saudi Arabia aimed at promoting direct investments and improving the investment environment in both countries through policy and legal reforms.
The Ambassador was accompanied by Mohamed Anas, Minister/Head of Chancery, and Tashma Vithanawasam, First Secretary (Trade) of the Sri Lankan Embassy in Riyadh.
