Foreign investors explore business opportunities in Sri Lankan ports-Xinhua

Foreign investors explore business opportunities in Sri Lankan ports

Source: Xinhua| 2024-11-25 19:16:15|Editor: huaxia

COLOMBO, Nov. 25 (Xinhua) -- A group of 20 potential foreign investors visited the Trincomalee and Hambantota ports located in eastern and southern Sri Lanka respectively to explore investment opportunities, according to a statement from the country's Export Development Board (EDB) on Monday.

The EDB said these investors are from countries such as India, Saudi Arabia, Maldives, France, Japan, Thailand, the United States and Cambodia and visited these ports as part of the "Voyage Sri Lanka 2024 Initiative."

The visits aimed to showcase Sri Lanka's potential as a hub for maritime investments and its growing blue economy.

The delegation explored opportunities across various sectors, such as marina development, shipbuilding, vessel maintenance, engineering services, bunkering, and related offshore services.

Investors also explored prospects for establishing joint ventures with existing local businesses or initiating new enterprises, the EDB said.

The EDB said the investment tour coincides with the inaugural Voyage Sri Lanka 2024 Marine Conference scheduled for November 26, 2024 in Colombo.

The conference will spotlight Sri Lanka's capabilities in the marine and offshore sector and its growing reputation as a global maritime hub, according to the EDB.

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