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

Prime Minister Dinesh Gunawardena with Arab Republic of Egypt Ambassador Maged Mosleh  

Arab Republic of Egypt Ambassador Maged Mosleh last week paid a courtesy call on Prime Minister Dinesh Gunawardena and discussed matters of mutual interest.

Ambassador Mosleh said Egypt is pursuing the Arab Ambassadors Forum to establish an Arab Sri Lanka Business Council to promote trade, tourism and investments. The groundwork 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 the 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.

The 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 Wijewardena and Indonesian Embassy Counsellor Mohamed Madi also took part in the discussion.