Foreign+Direct+Investments+risen+to+%24+1.9+billion
Monday, 09 April 2018 - 16:39
Foreign Direct Investments risen to $ 1.9 billion
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Finance Ministry says that Sri Lanka's Foreign Direct Investments have risen to $ 1.9 billion in 2017 recording a 4-fold growth compared to the figure of 2016.
 
In a media communique, the Ministry said it has surpassed previous highest amount of $ 1.7 billion recorded in 2014.
 
The 2017 FDI value included $ 300 million infused by China in line with the lease agreement for the Hambantota Port.
 
In 2017, the FDIs from Hong Kong, India and Singapore were also increased.
 
In 2015, the FDI figure stood at $ 970 million and in 2016 it decreased to $ 450 million.
 
The Finance Ministry said the government targets to rake in $ 2.5 billion worth FDIs in 2018 and by 2020 the target will be $ 5 billion.
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