SL inks MoU with KSA to attract direct investment

21 June 2024 12:05 am Views - 130

A Memorandum of Understanding (MOU) has been signed between Sri Lanka and Saudi Arabia for cooperation in promoting direct investment between the two nations.

This will be facilitated through policy and legal reforms, provision of advanced and integrated infrastructure facilities, and process redesign, among others. 

Accordingly, the President briefed the Cabinet on the said MOU, informing that the Minister of Foreign Affairs signed the said MOU during the special meeting of the World Economic Forum held in Riyadh, Saudi Arabia on April 28th and 29th.