Friday, 29 August 2014 - 13:00
Saudi-Lanka talks focus on investment, tourism
Deputy Crown Prince Muqrin and Sri Lanka’s ambassador to the Kingdom of Saudi Arabia Mohammed Hussein held a meeting in Jeddah to promote investment and tourism between the Kingdom and Sri Lanka.
Mohamed told Arab News that the talks, which were cordial, addressed issues of bilateral interest.
He said that the deputy crown prince was confident that Saudi businessmen could invest in countries like Sri Lanka if they were offered attractive incentives.
Foreign Direct Investment inflows into Sri Lanka totalled 817 million dollars in the first half of this year, 51 percent more than the inflow during the same period a year ago.
Sri Lanka has set a 2 billion dollar FDI goal this year, though it has failed to meet that target for two years in a row.