UAE Ambassador to Sri Lanka, Abdul Hamid Al Mulla will be the special guest speaker at the ‘Meet the Ambassador' programme on ‘Bilateral Trade between Sri Lanka and the UAE’ on Tuesday, May 23, at the National Chamber, No. 450, D.R. Wijewardene Mawatha, Colombo 10, from 3.00 p.m to 4.30 p.m.
Participants will get an opportunity to interact with the Ambassador and other officials of the embassy and get information on opportunities for trade, investment and services in the UAE available to Sri Lankans.
The UAE has an open economy and Sri Lanka's trade and economic relations with the UAE have been increasing in the recent past. Total trade turnover has been in the range of US$ 1.3 billion in the last year.
Sri Lankan exports to the UAE comprise tea, apparels, natural rubber, desiccated coconut, copra, cashew nuts, essential oil, fruits and vegetables, processed food, sea food, and rubber products.
Sri Lanka imports from the UAE include petroleum oils, gold, precious stones, plastics, sugar, aluminum, electronic equipment, and machinery.
The UAE has about 15 joint ventures with Sri Lanka. The Galadari Group, Emirates Group, and Etisalat are the major investors from the UAE.
The country's free trade zones - offering 100% foreign ownership and zero taxes - are helping to attract foreign investors.
Over 30 years, the country has undergone profound transformation from an impoverished region of small desert principalities to a modern state-of-the -art nation with high tech living.
The government has increased opportunities for private investment in infrastructure and utilities. A massive construction boom, an expanding manufacturing base, and thriving services sector are helping the Emirates diversify its economy.
At present there is US$ 350 billion worth of active construction projects throughout the UAE.
For registration email pa@nationalchamber.lk or nirmani@nationalchamber.lk.
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