Saudi to continue assistance to Sri Lanka

Saudi Fund for Development to continue assistance to Sri Lanka

by Zulfick Farzan 29-03-2022 | 3:31 PM

COLOMBO (News 1st); The Saudi Fund for Development (SFD) will continue to assist Sri Lanka, assured Outgoing Saudi Ambassador to Sri Lanka Abdulnasser Hussain Al-Harthi in his meeting with President Gotabaya Rajapaksa on Tuesday (29).

Al-Harthi, who is leaving the country after completing his service, made these remarks when he called on President Gotabaya Rajapaksa at the President's Office.

The President commended the assistance given by Al-Harthi during his tenure.

A high-level Saudi delegation will soon visit Sri Lanka to explore the investment opportunities in the renewable energy sector and other sectors, the outgoing Ambassador said.

A number of special tax concessions are available at investment zones, The President pointed out the vast opportunities available in Sri Lanka for direct investment in the pharmaceutical, technology and apparel industries.

The President invited the Saudi Government to explore investment opportunities associated with the Colombo Port City and the proposed Ship Repairing and Manufacturing Facility to be built at the Hambantota Port.

The President also thanked the Government of Saudi Arabia for its development assistance provided through the Saudi Development Fund.