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Thursday, November 24, 2011 - 05.54 GMT |
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UAE Trade Minister arrives to boost trade
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The Foreign Trade Minister of the United Arab Emirates (UAE), Sultan Al Qasimi arrived yesterday (Nov.23) to boost bilateral trade ties between Sri Lanka and UAE.
UAE Foreign Trade Minister will lead the business delegation to Colombo from Nov. 24-26 at the invitation of Minister of Industry & Commerce, Rishad Bathiyutheen.
The UAE Minister will also lead the UAE-Sri Lanka Business Forum to be held in Colombo today.
The UAE has become the largest foreign direct investor to Sri Lanka among the Gulf countries.
The major UAE conglomerates operating in Sri Lanka Etisalat, Al Ghuraia and Al Futaim contribute to Sri Lanka's corporate sector outlook significantly.
Currently, UAE-Sri Lanka trade turnover stands at 548.4 million U.S. dollars, of which Sri Lankan exports to the UAE amounted to 246.2 million U.S. dollars, making the UAE one of the key trading partners in the Middle East.
Minister of Foreign Trade of United Arab Emirates Sultan Al Qasimi considered the Arab world’s most powerful woman.
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