Saudi Deputy Crown Prince meets with Sri Lanka’s Ambassador to KSA
Prince Muqrin bin Abdulaziz Al Saud, Deputy Crown Prince held a meeting lately in Jeddah with Sri Lanka’s Ambassador to the Kingdom Mohammed Hussein Mohamed to promote investment and tourism between the Kingdom and the island nation. Mohamed told Arab News that the talks which were cordial addressed issues of bilateral interest. He said that the deputy crown prince was confident that Saudi businessmen could invest in countries like Sri Lanka if they were offered attractive incentives, Arab News reported. He planned to launch a drive to attract Saudi investors to open up joint ventures in Sri Lanka. The envoy was confident that investments in his country would generate substantial returns for Saudi businessmen. Foreign direct investment (FDI) inflows into Sri Lanka totaled 817 million in the first half of this year 51% more than the inflow during the same period a year ago.