Egypt proposes Arab Sri Lanka Business Council to promote trade and investments

Ambassador of the Arab Republic of Egypt to Sri Lanka, Maged Mosleh paid a courtesy call on Prime Minister Dinesh Gunawardena at the Prime Minister’s Office in Parliament on April 28.

Ambassador Mosleh said Egypt is pursuing with the Arab Ambassadors Forum to establish an Arab Sri Lanka Business Council to promote trade, tourism and investments. The ground work has been prepared for this through discussions with relevant authorities and the Chambers of Commerce, he said.

The Prime Minister requested the Ambassador to explore potential investments in hospitality industry as well as setting up export industries in export industrial zones in Sri Lanka as many incentives have been offered to foreign investors.

Prime Minister briefed the Ambassador on the steps taken by the government to overcome the economic crisis.

The Egyptian Ambassador congratulated the Government on the rapid success made to restore the economy in a short span of time and added that Sri Lanka has given a valuable example for other countries faced with similar crises to emulate.

Additional Secretary to the Prime Minister, Harsha Wijewaedena and Indonesian Embassy Counsellor Mohamed Madi also took part in the discussion.