The Sri Lanka – Saudi Arabia Joint Business Council was established following the signing of a Memorandum of Understanding (MOU), making it the first-ever B2B Forum between the two countries.
The MOU was signed between the Federation of Saudi Chambers (FSC) and the Sri Lanka Federation of Chambers of Commerce and Industry (SLFCC) at the headquarters of the FSC in Riyadh on Tuesday (11).
Minister of Foreign Affairs Vijitha Herath said the Joint Business Council would serve as a catalyst to enhance the much-needed closer private sector interactions between the two countries.
“I witnessed the launch of the historic Sri Lanka – Saudi Arabia Joint Business Council (11). Chairman of the Federation of Saudi Chambers Hassan Al-Huwaizi and President of the Sri Lanka Chambers of Commerce and Industry Keerthi Gunawardane, who virtually joined the meeting, signed the MoU establishing the Business Council. Ambassador of Sri Lanka to the Kingdom of Saudi Arabia, Ameer Ajwad, and Chairman of the Saudi Chambers of Commerce Hassan Al-Huwaizi exchanged the signed MoU. This is a long-awaited first-ever B2B Forum between the two countries, which would serve as a catalyst to enhance the much-needed closer private sector interactions between the two countries,” Minister Herath said in a post on ‘X’.
Minister Vijitha Herath added that he also addressed the Federation of Saudi Chambers, highlighting trade and investment opportunities in Sri Lanka. (Newswire)