Unlocking new opportunities for potential partnerships

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Updated 03 February 2016
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Unlocking new opportunities for potential partnerships

COLOMBO: The Sri Lanka Investment and Business Conclave 2016 is scheduled to take place from March 8 to 10 at the Cinnamon Grand Colombo.

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]


Leading monitor of crucial events in the Saudi Arabia for 100 years: Umm Al-Qura newspaper

Umm Al-Qura was the first newspaper to be published during the time of Saudi Arabia's founder.
Updated 43 min 48 sec ago
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Leading monitor of crucial events in the Saudi Arabia for 100 years: Umm Al-Qura newspaper

  • It was the first newspaper to be issued at the time of the Kingdom’s founder, King Abdul Aziz
  • Al-Ahmadi clarified that the newspaper’s first issue was published in December 1924

MAKKAH: It is considered one of the most important and prestigious Saudi Arabian newspapers. 

It has witnessed crucial decisions in the country, observed the history of the region throughout a century, recording details of life in the Kingdom becoming a reference for historical decisions and events.

Umm Al-Qura’s Editor in Chief Abdullah Al-Ahmadi said the newspaper has the support and supervision of Minister of Culture and Information Dr. Awwad Al-Awwad, who has harnessed all the resources for its modern launch. Al-Ahmadi clarified that the newspaper’s first issue was published in December 1924.

It was the first newspaper to be issued at the time of the Kingdom’s founder, King Abdul Aziz. The headline in the first issue of the newspaper was “The Makkah Declaration,” and this story was accompanied by news and official statements.

Al-Ahmadi said that the paper continued its coverage during World War II, although its presses did stop for a period of up to eight weeks in 1924 before King Abdul Aziz ordered paper to be imported and printing to resume.

Umm Al-Qura’s first editor in chief was Sheikh Yusuf Yassin, who was followed by Rushdi Malhas. Both figures held diplomatic positions during King Abdul Aziz’s reign, along with Mohammed Saeed Abdul Maksoud, Fouad Shaker and Abdul Quddus Al-Ansari.

Al-Ahmadi added that the newspaper has monitored the personal stories of the Kingdom’s kings, giving precise details of the historical and political events of the last century. He added that it has the full Saudi archive and it has become a historical reference for history, the economy and politics.

Al-Ahmadi said the newspaper was a combination of news, sports and social events during 30 years of its foundation. It had adverts on some pages, reflecting the region’s identity and local, economic and cognitive dimensions.

Al-Ahmadi said that with its launch, the newspaper formed the memory, aspirations and ambitions of Saudi Arabia. It was the only media platform in which the world explored the local news, along with the cultural, educational and economic news. 

It covered their advocacy of the crucial decisions — notably the Palestinian cause that Saudi Arabia has defended since the time of its founder.

Umm Al-Qura’s editor in chief said his main concern, along with his former colleagues in the newspaper’s management, was its development and relaunch, pointing out that a number of challenges have been overcome. 

The newspaper has been developed across the board — from layout and content to its brand logo and colors, he said.

Al-Ahmadi added that new and modern printers have been provided, and the newspaper has improved in line with technical and modern changes. 

He said the government also helped restore the back issues damaged by moths.

The operation was carried out by specialized experts who supervised the whole operation to protect the issues from getting lost. All issues were archived online and missing issues are being updated, he added.

Al-Ahmadi said that the newspaper’s website will provide a digital media platform for the documentation process, giving integrated information about the newspaper.

Al-Ahmadi said the newspaper has a website archive for researchers and academics. 

He added that a large number of master’s and doctorate degrees as well as surveys took place with the help of the newspaper that has become a historic reference for scholars and researchers.