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President promotes investing in Sri Lanka on Dubai visit
View(s):An agreement on promotion and protection of investment between Sri Lanka and the UAE was signed during President Anura Dissanayake’s four day visit to the Gulf state.
The agreement was signed on February 12, by Minister of Foreign Affairs, Foreign Employment and Tourism Vijitha Herath and Minister of State for Financial Affairs of the UAE Mohamed bin Hadi Al Hussaini, and is expected to encourage investment between the two countries.
President Anura Kumara Dissanayake addressing the summit
President Dissanayake visited the UAE on an invitation from its President Sheikh Mohamed bin Zayed Al Nahyan, to attend the World Government Summit 2025. President Dissanayake addressed the Summit, urging world leaders to unite in confronting global challenges. “We must unite as global citizens to face transnational challenges,” he stated, calling for collective action.
During the three-day visit, he engaged in bilateral discussions with Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. The meeting focused on strengthening cooperation in key sectors including investment, trade, and tourism.
High-level participants in the meeting from the UAE side included Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, and Deputy Prime Minister and Minister of Defence of the UAE and His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai and Deputy Prime Minister and Minister of Finance of the UAE.
In addition to his bilateral engagements with UAE leaders, President Dissanayake held meetings with other world leaders to bolster Sri Lanka’s diplomatic and economic relations. He met with Pakistan’s Prime Minister Shehbaz Sharif and discussed closer bilateral and multilateral engagement between the two countries.
In a meeting with the Prime Minister of Kuwait Sheikh Ahmed Abdullah Al-Ahmad Al-Sabah, President Dissanayake emphasised the importance of strengthening Sri Lanka-Kuwait relations, noting the contributions of Lankan expatriate workers in Kuwait.
A bilateral meeting was held with the Deputy Prime Minister and Foreign Minister of Vietnam, focusing on elevating Sri Lanka-Vietnam relations in trade, tourism, and investment. He also met with former UK Prime Minister Tony Blair, who offered expertise in agriculture, climate change, and governance, pledging to send a team of experts to Sri Lanka to support its economic development goals.
He also engaged with the CEOs of Dow Jones, Roblox, Oracle, and Alibaba. These business leaders expressed interest in collaborating with Sri Lanka in digitalization, AI, tourism and media, paving the way for mutually beneficial partnerships.
The president met the Lankan expatriate community in Dubai and appreciated their valuable contribution to the economic development of Sri Lanka.
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