Thursday, 4 July 2013 01:45
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Sri Lanka’s development has reached a high level with strong infrastructure facilities such as reliable water supply, highways and power required for investments, according to, Managing Abu Dhabi’s Ghantoot Group Director and head of the Abu Dhabi investment team visiting Sri Lanka Rashid Mohd Mehren.
Mehren said this when the delegation met Economic Development Minister Basil Rajapaksa at the Ministry Office on Tuesday, 2 July. They discussed major investments in the fields of pharmaceuticals, power generation, hotel construction and cement industry among others.
Minister Basil Rajapaksa told the visiting team that the dawn of peace after nearly 30 years of war and the rapid pace of development had encouraged foreign investors. He cited the examples of the expanding road network such as the Southern expressway and the Northern expressway (the construction of which is to begin soon) which would be a major improvement in the transport sector facilitating the rapid movement of goods and the provision of other services. This in turn would help to boost the tourism industry, added Minister Rajapaksa who also drew attention to new export-oriented industries such as fruit processing and agro-products.
Sri Lanka’s Ambassador in Abu Dhabi Mahinda Balasuriya, Ghantoot Group General Manager Electrical Division Nidal Armouti, UTICO General Manager Richard Menezes and Ghantoot Group Cement Manufacturing Division GM S. Jayurai were among the others who participated in the discussions.
