Saudi Arabia, Sri Lanka discuss ways to promote economic & investment ties

By Shilpa Annie Joseph, Desk Reporter
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The Sri Lankan Embassy in Riyadh has conducted a webinar on promoting bilateral relations between the two countries in partnership with the Eastern Province Chamber of Commerce (Asharqia Chamber), Export Development Board, and the Foreign Ministry of Sri Lanka.

The meeting intends to strengthen the two countries economic and investment ties, according to the reports. Mr. Abdulhakim Alkhaldi, Chairman of the Board of Directors of the Asharqia Chamber of Commerce, welcomed the attendees and assured the extension of the fullest support of the Chamber to the Sri Lankan exporters in providing necessary coordination with the Saudi importers to improve the business relations between both countries.

During the meeting, Ms. Anoma Premathilake, Director (Marketing) of the Sri Lanka Export Development Board, provided a detailed presentation on Sri Lankan export commodities, highlighting a wide range of Sri Lankan products and export enterprises that can serve the Saudi market. She also made a brief introduction of the sector-wise representation of the Sri Lankan firms.

Mr. Majid-Al Mula, an official from Saudi Arabia’s Ministry of Investment, stated about the investment opportunities and the business climate in Saudi Arabia, as well as services provided by the Saudi government to investors.

During the presentation, Sri Lankan enterprises were encouraged to register on the Asharqia Chamber’s unique trade portal, which was designed to facilitate business connections between Saudi and Sri Lankan companies.

The Embassy hosted this webinar session for the first time to connect possible business partners from the Saudi business community to Sri Lankan traders, with the goal of growing total trade volume between the two nations.

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