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Saudi Arabia ready to assist Sri Lanka with renewable energy

14 Mar, 2022

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Saudi Arabia is ready to assist Sri Lanka with renewable energy generation, Saudi Arabian Foreign Minister Faisal bin Farhan Al Saud said.

He said this at talks with President Gotabaya Rajapaksa in Colombo today.

The President had informed the Saudi Arabian Foreign Minister that he would like to invite Saudi Arabia to make direct investments in several sectors.

The President pointed out the opportunities available for foreign investment in the sectors of agriculture, renewable energy generation, technology based development and at the Colombo Port City.

Prince Al Saud was briefed on the impact of the Covid-19 pandemic on the Sri Lankan economy. The President also pointed out the impact of low remittances, the collapse of the tourism industry, the impact of dry weather on hydropower generation and the rising demand for fuel.

The Saudi Foreign Minister said that his country was also paying special attention to renewable energy generation and that they are ready to assist Sri Lanka in this sector.

The President and the Saudi Foreign Minister also discussed further strengthening of bilateral relations in a number of areas.

The Saudi Ambassador to Sri Lanka Abdulnaser bin Hussain Al-Harthi, Director General of the Saudi Ministry of Foreign Affairs Abdulrahman Arkan Aldawood, Foreign Minister Prof. G.L. Peiris, Secretary to the President Gamini Senarath and Foreign Secretary Admiral Prof. Jayanath Colombage were also present at the meeting. (Colombo Gazette)

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