Oman and Sri Lanka have discussed expanding economic and investment cooperation, with a particular focus on special economic zones, free zones and industrial cities, as both countries seek to strengthen investment ties and promote sustainable economic growth.
Qais Mohammed Al Yousef, Chairman of the Public Authority for Special Economic Zones and Free Zones (OPAZ), met with Harsha Amarasekera, Chairman of the Colombo Port City Economic Commission of the Democratic Socialist Republic of Sri Lanka, to explore opportunities for collaboration across a range of strategic sectors.
The meeting focused on enhancing bilateral cooperation in the development and management of special economic zones and free zones, areas considered key drivers of investment attraction, economic diversification and job creation in both countries.
During the discussions, the two sides reviewed potential partnership opportunities in several promising sectors, particularly commercial and real estate development. The talks highlighted the importance of strengthening investment flows between Oman and Sri Lanka and creating new avenues for private sector participation in large-scale development projects.
Officials noted that increased collaboration in these sectors could contribute to economic growth while supporting the long-term development goals of both countries. The meeting also provided a platform for the exchange of expertise and knowledge related to the planning, development and operation of economic zones. Both parties reviewed successful experiences in the management of special economic zones and discussed international best practices aimed at improving operational efficiency, enhancing competitiveness and increasing the attractiveness of investment destinations.
The exchange of experiences reflected a shared commitment to adopting innovative approaches that support the sustainable growth of economic and industrial zones while creating a favorable environment for local and international investors.
In addition, discussions addressed mechanisms for strengthening the business environment and attracting high-quality investments capable of generating long-term economic value. The two sides examined opportunities to benefit from the expertise and capabilities of small and medium enterprises (SMEs) in Sri Lanka, particularly in areas related to innovation, entrepreneurship and business development.
Officials also discussed ways to facilitate the transfer and exchange of successful practices and technical expertise between institutions and businesses in both countries. Such cooperation is expected to support innovation-led growth and enhance the contribution of SMEs to broader economic development objectives.
During the meeting, Oman and Sri Lanka emphasized the importance of continued joint cooperation and the exchange of expertise and knowledge in a manner that serves mutual interests and contributes to the achievement of sustainable economic development. The meeting underscored the growing importance of international cooperation in fostering resilient and competitive economic ecosystems, particularly within special economic zones that serve as hubs for trade, investment and industrial activity.
