BOI inks $ 44m deal with Saudi investor
The Board of Investment (BOI) signed a US$ 44 million agreement with
a Saudi Arabian investor to establish a project to undertake yacht, boat
and pleasure craft repair facilities at the Galle Harbour.
The project will be a State of the Art marine venture and will result
in benefits for Sri Lanka, such as. technology transfers and increase in
The company is confident the project will further generate 2,000
indirect employment opportunities.
The main attraction for the Saudi investor is Sri Lanka’s strategic
“This agreement is very significant as it is the first investment
from the Kingdom of Saudi Arabia to operate under the BOI regime. BOI is
confident this project will generate interest for further Saudi Arabian
and other Gulf investment in Sri Lanka,” sources said.