|Minister Rishad Bathiudeen and |
New UAE Ambassador Abdul Hamid Abdul Fattah
The United Arab Emirates to Invest Large in Sri Lanka
The United Arab Emirates, which is the largest foreign direct investor in Sri Lanka among Gulf Cooperation Council countries and the world’s fourth largest oil exporter, is planning to undertake large scale investments in Sri Lanka
“Sri Lanka’s security and stability is attractive for UAE private investors. We are keen to expand our investment profile in Sri Lanka beyond current levels” The newly-appointed Ambassador for the United Arab Emirates to Sri Lanka Abdul Hamid Abdul Fattah K. Al Mulla said.
The Ambassador told the Minister of Industry and Commerce Rishad Bathiudeen that his country is very keen to sign a Bilateral Investment Protection Agreement (BIPA) with Sri Lanka. The Ambassador is initially looking at investing in port development, port management, and tourism
infrastructure development in Sri Lanka.