Colombo, Mar 19 (Xinhua) Sri Lanka received its highest ever foreign direct investments (FDI) of 2.37 billion U.S. dollars in 2018, up 38 percent from 1.78 billion US dollars received a year earlier, the state owned Board of Investment said here on Tuesday.
Director General of the Board of Investment of Sri Lanka Champika Malalgoda said although the island country fell short of its target of 2.5 billion US dollars, the achievement of 2.37 billion dollars was the highest received in a single year.
Malalgoda said this year, Sri Lanka aimed to attract 3 billion US dollars worth of FDIs and the country could achieve this with the projects in the pipeline.
One of the projects planned to kick off this year is an oil refinery in Mirijjawila, in Hambantota, in southern Sri Lanka, with an investment of 3.85 billion US dollars.
Last year, the highest FDIs came from China, followed by India and Singapore.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
