Sri Lanka’s tourism sector woos UAE investors
Sri Lanka’s safe haven status as a destination of foreign direct investment has increased its appeal to investors from the UAE, the island nation’s minister said on Tuesday.
Speaking at the Annual Investment Meeting, Rishad Bathiudeen, Minister of Industry and Commerce of Sri Lanka, said there are number of mechanism in place to protect investors. Sri Lanka’s constitution guarantees the safety of investment of foreigners in the country. “We have received a numerous inquiries from interested parties from UAE in the tourism sector and we do encourage more investment proposals from the UAE and my Ministry will facilitate their interests,” he said.
He said AIM is creating a significant platform for global leaders to meet and discuss diversified investment opportunity in different destinations.
“I am glad to mention that I have been participating in the event for last five years as it gives more exposure for Sri Lanka to highlight the investment potential that could be offered to foreign investors. In addition, it provides me an opportunity to meet Head of States, Government Ministers and high ranking government officials and corporate Leaders to interact and network with them and to persuade the potential parties to visit Sri Lanka and seeing in believing for various investment opportunities available in the country.”
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