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Tuesday, 24 July 2012 - 14:42
BOI signs deal for Galle marine venture
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The Board of Investment signed a 44 million dollar agreement with a Saudi Arabian investor to establish a project to undertake yacht, boat and pleasure craft repair facilities at the Galle Harbour.

The project will be a State of the Art marine venture and will result in benefits for Sri Lanka, such as technology transfers and increase in foreign exchange.

The company is confident the project will further generate 2,000 indirect employment opportunities.

The main attraction for the Saudi investor is Sri Lanka’s strategic location.

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