Sri Lanka Board of Investment (BOI) has approved US$ 4.6 billion worth of Foreign Direct Investment (FDI) projects in the first seven months this year of which agreements for US$ 4.1 billion have already been signed.
Minister Malik Samarawickrema said Sri Lanka has attracted the total FDI amounting to S$ 12 billion between 1978 to 2015.
During 2016 to 2019 alone, there has been total FDI Inflow of US $ 5,4 billion, he said adding that 45% of the FDI during the last 37 years, was realized in the last 4 years.
For this year, BOI has approved US$ 4.6 billion worth of FDI projects in the first seven months, of which agreements for US$ 4.1 billion have already been signed, he revealed.
Meanwhile a 100% export-oriented Petroleum Refinery with a foreign direct investment (FDI) of US $ 14.8 billion,
This was Sri Lanka’s single largest investment and it has been cleared by the Cabinet of Ministers and the Investment Agreement and the Land lease Agreement are to be signed shortly.
The project is to be implemented within 42 months and will generate an employment opportunity of 6,500.
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