Prince Fahad Bin Muqrin Bin Abdulaziz Al-Saud, a leading businessman and member of the House of Saud, who visited here recently has earmarked several sectors to invest in Sri Lanka.
Prince Al-Saud during his visit last week met President Maithripala Sirisena, the Foreign Minister Ravi Karunanayake and several other key ministers and members of the business community. Advisor to the Prince, Mohammadh Adnan Saleh Samnodi told Daily News that several sectors had been identified including tourism and construction for possible investment and added that if this becomes a reality the total volume of investment could be as high as US $ 1 billion plus.
During talks with the President and several key ministers. the Prince had discussed about further strengthening of bilateral ties between the two countries and direct investment links.
He said the Prince was highly impressed about the development Sri Lanka has achieved and peace and unity in the country since the end of the war in 2009.
He said visit, which had been arranged by the head of the National Programme on Ethnic Harmony, Abdul Cader Masoor Moulana was a great success. He said Moulana has done yeomen service over the years in strengthening friendly ties between the two countries.
The visit had taken place on the invitation of Deputy Minister A.L.M. Hisbullah, the Prince said.
He said the visit had helped further strengthen ties between the two nations and added that it was undertaken with the blessings of the head of the Saudi royal family and the House of Saudi King Salman.
He said King Salman always advocated peaceful coexistence and friendly ties with other nations.
During the talks, Foreign Minister Ravi Karunanayake had requested the visiting Prince to invest in Sri Lanka as such opportunities are currently wide open.
The Prince had said he expected to invest in several sectors, especially tourism.
He visited several areas in the Eastern Province as well.
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