Unlocking new opportunities for potential partnerships
Unlocking new opportunities for potential partnerships
The Ceylon Chamber of Commerce in association with the Ministry of Development Strategies and International Trade, Ministry of Foreign Affairs, Board of Investment of Sri Lanka, Department of Commerce, Sri Lanka Export Development Board, Sri Lanka Convention Bureau (SLCB) and the Commonwealth Businesswomen’s Network will be organizing the event.
The conclave offers the perfect blend of opportunities aimed at enriching institutional, corporate and individual investors and business houses with a comprehensive set of guidelines for their investment decisions, and act as a networking opportunity for introductions to potential overseas business partners with a view of establishing partnerships/investments in Sri Lanka.
The conclave will be promoted with the support of the Sri Lanka High Commissions/embassies located overseas and 120 Chambers of Commerce around the world.
The Sri Lanka Investment and Business Conclave 2016 will be inaugurated on March 8 followed by a strategic networking event, facilitating participants to directly network with senior ministers and officials attached to various Government Institutions in addition to participants from various other countries.
On March 9, there will be two high level panel discussions on Unlocking New Opportunities for Potential Partnerships and Strategies of Attracting Business Partnerships and Investments in Sri Lanka — followed by B2B and G2B business matchmaking sessions.
On March 10, organizers will facilitate overseas delegates to visit export processing zones, port of Colombo and the Colombo Stock Exchange etc. as per their interest.
Investments for the private sector including foreign companies is set to become easier in 2016 as the Board of Investment (BOI) plans a host of new methods including public — private partnerships for dozens of investment zones, reforms and liberalising land ownership.
The government of Sri Lanka is targeting 45 economic zones to be developed with private sector partnerships.
The BOI will provide land and the investors have to build infrastructure facilities, which will be done under a special joint venture project vehicle to attract investment.
The major sectors that received FDI in 2015 were manufacturing at $199 million, followed by tourism at $161 million, housing and property development with $116 million, telecommunications at $93 million and port development activities with $ 51 million.
Major FDI sourcing countries include Hong Kong $167 million, Mauritius $76 million, Netherlands $69 million and China $66 million as per the data received from the BOI.
Sri Lanka has invested heavily to develop infrastructure such as port, road network, additional airports and telecommunication facilities in recent times.
With the educated and adaptable workforce and fast developing Infrastructure, it has become a growing economic hub with favorable policies for investors around the world.
In addition, new urbanization initiatives with new opportunities for investment have open doors for potential investors to set up joint ventures in Sri Lanka.
It boasts for being one of the lowest corporate tax rates in the region including strong policies in place for protecting international investors and business partners ensuring high quality of life for foreign investors.
The recently announced Budget 2016 of the government of Sri Lanka, many attractive facilities will be provided to investors to setup joint ventures in Sri Lanka.
Changed policies and regulations will be announced and discussed at the panel discussions of the senior ministers of the government of Sri Lanka on the second day of the event on March 9.
Focus sectors for investment includes agriculture, apparel, education, export manufacturing, export services, infrastructure, knowledge services, tourism and leisure, power and energy, telecommunications and related services, ports development, distribution of petroleum related products such as LPG and LNG and recycling of waste etc.
Invest-srilanka.lk web site was launched recently to promote the event among foreign and local potential parties.
Further details available on Tel. +9411-5588818 or +9411-5588800
Fax. +94-112449352 or +9411-2381012
E-mail: [email protected]
Jamarat facilities ready to receive pilgrims for Hajj in Saudi Arabia
- Fixed and mobile stairways are located throughout the Jamarat area to facilitate pilgrims’ arrival
- Saudi Arabia considers it a privilege to expand and improve its services to pilgrims every year
JEDDAH: Jamarat facilities in Mina are fully prepared to receive Hajj pilgrims during the throwing of stones.
The Ministry of Municipal and Rural Affairs has deployed sunshades, cooling systems, escalators, closed-circuit TV, guidance and awareness-raising signboards and facilities, and information services.
The ministry’s projects include the installation of fixed and mobile cameras along the paths leading to the holy sites to monitor and manage pedestrian movement.
Fixed and mobile stairways are located throughout the Jamarat area to facilitate pilgrims’ arrival.
Many organizations and entities have provided amenities to help pilgrims on Arafat. Umbrellas have been distributed to provide shade and avoid heat stroke, cold water has been provided to quench pilgrims’ thirst, and food and beverages have been handed out.
Holy Qur’ans have also been distributed to help pilgrims perform an Islamic ritual that abolishes worshippers’ sins.
Saudi Arabia considers it a privilege to expand and improve its services to pilgrims every year.
The Media Ministry has launched a live broadcast of Hajj rituals on social media platforms, including Twitter and Facebook, as well as on YouTube.
The ministry has provided 19 channels transmitting in Arabic, English, Urdu, Malay, French and German.
Saudi Telecom Co. (STC) has announced it will provide 1GB free for every pilgrim who uses its prepaid services as a gift to pilgrims during this year’s Hajj season. The gift is aimed at facilitating their experience during Hajj on the day of Tarwiya and Arafat.
STC chairman, Nasser bin Sulaiman Al-Nasser, explained that the company’s gift came as a result of instructions from King Salman and Crown Prince Mohammed bin Salman to all governmental and private bodies related to the service of pilgrims.
Dr. Abdul Fattah bin Suleiman Mashat, deputy minister of Hajj and Umrah, said the ministry has launched an awareness campaign in six languages — Arabic, English, French, Russian, Chinese and Persian — to educate pilgrims on Hajj regulations, provide them with health advice, and help them follow schedules in order to avoid overcrowding.
The ministry has launched the Manasikana smartphone app to provide pilgrims with services in eight languages, Mashat added.
The app informs pilgrims of grouping and transport plans, helps them find camps, lodgings and companions, and enables them to send reports and complaints to concerned authorities at the ministry.