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Riyadh keen to boost economic ties with Colombo, prioritise garments

29 Nov '23
1 min read
Pic: Presidential Secretariat of Sri Lanka
Pic: Presidential Secretariat of Sri Lanka

Insights

  • Saudi Arabian minister of economy and planning Faisal F. Al Ibrahim, during his recent meeting with President Ranil Wickremesinghe in Colombo, expressed his government's interest in strengthening economic ties with Sri Lanka across various sectors, including garments.
  • Wickremesinghe said the tourism and agriculture sectors are areas open to more investment.
Saudi Arabian minister of economy and planning Faisal F. Al Ibrahim, during his recent meeting with President Ranil Wickremesinghe in Colombo, expressed his government’s interest in strengthening economic ties with Sri Lanka across various sectors, including garments.

The Gulf nation is focused on expanding economic relations within the South Asian region and attached significant importance to Sri Lanka, he was quoted as saying in an official release by the Sri Lankan government.

Wickremesinghe said the tourism and agriculture sectors are areas open to more investment, as the country is committed to modernising these domains.

Fibre2Fashion News Desk (DS)

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