Colombo, 02 February, (Asiantribune.com):
Realizing the ‘Wonder of Asia’
Asian Tribune’s inaugural Investment Forum, to be held in early April in Colombo, will be a unique initiative to bolster trade relations, renew reciprocal business commitments, and ignite strategic investments from global investors from high growth economies, with a particular focus on Gulf countries.
Paramount mission of Investment Forum 2011 is to encourage Foreign Direct Investments (FDIs) into South Asia’s emerging economy, unraveling its vital growth sectors and attractive investment opportunities available in the island.
The Forum is expected to feature sector-specific opportunities delivered by key public officials and top corporate organizations providing the discerning participants with an investor perspective on ongoing and future projects. Offering reliable environment to build conclusive partnerships and solid bonds between investors and projects, the Forum will help to make strategic and informed investment decisions in the emerging Wonder of Asia.
Though mainly targeting the economic powerhouse of Middle East- the United Arab Emirates (UAE), participants from Saudi Arabia, Bahrain, Iran, Iraq, Jordan, Kuwait, Lebanon, Oman, and Palestinian territories, Qatar, Syria and Libya are also anticipated to attend this.
Greater potential in Gulf
Sri Lanka’s Minister of Industry and Commerce Rishad Bathiudeen, who is extremely keen on developing stronger trade links with Gulf countries, at a recent business promotion seminar said that the emerging Indian Ocean economy is anticipated to increase trade and economic ties with all Middle Eastern economies with a special emphasis on UAE.
According to Minister Bathiudeen UAE had become Sri Lanka’s largest trading partner among the Gulf Countries and largest market for Sri Lankan exports in the Middle East.
“The total trade between the two countries has crossed over US $ 500 mn. However, I believe there is much more potential for Sri Lanka and UAE to strengthen our cooperation and expand our commercial relations to a higher plane, both bilaterally and through one another, in our respective regions,” he said.
“Today, Sri Lanka is on the threshold of a new era. A new era with much hope and optimism for peace, stability and prosperity with a brighter economic future,” Minister Bathiudeen added.
Sri Lanka- Towards a five-fold mega global hub
With the conclusion of the three decade-old civil war in May 2009, Sri Lanka is now reaping peace dividends and is poised to transform itself into a five-fold mega global hub in Aviation, Shipping, Energy, and Commerce and in Knowledge, in its quest to become the ‘Wonder of Asia’.
Furthermore with the phenomenal economic growth seen in the country, there is little doubt that Sri Lanka will evolve into become Asia’s next Singapore or Dubai within the next decade or so.
Investors are continuing to eye tremendous untapped potential available in several sectors including, Tourism, Education, Shipping, Aviation, Energy, BPO & KPO, Healthcare, Property, Banking, Equity & Debt Markets, etc.
- Asian Tribune -
http://www.asiantribune.com/news/2011/02/01/asian-tribune-organize-sri-lanka-investment-forum-2011
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