SAIF Zone hopes to attract more investors from Sri Lanka| MENAFN.COM

Tuesday, 29 November 2022 08:42 GMT

SAIF Zone hopes to attract more investors from Sri Lanka

(MENAFN- Emirates News Agency (WAM))

SHARJAH, 5th September, 2016 (WAM) -- The Sharjah Airport International Free Zone, SAIF Zone, has recently participated in a business event entitled, 'International Business Forum – Expanding Business Globally', which was organised by the Board of Investment of Sri Lanka, BoI, and Federation of Chambers of Commerce and Industry of Sri Lanka, FCCISL, in Colombo.

Speaking at the forum, Saud Salim Al Mazrouei, Director of SAIF Zone and Hamriyah Free Zone Authority, HFZA, said that SAIF Zone is offering many opportunities for entrepreneurs and investors from Sri Lanka and the increasing pace of trade between the UAE and Sri Lanka is a positive sign of rapid growth at all levels.

"We are interested in Sri Lanka's trade sector and we also want to open doors to Small Medium Enterprises, SMEs, for entrepreneurs from Sri Lanka. A number of Sri Lankan companies are keen to set up their businesses in the Sharjah's free zones, hopefully by 2017," he added.

Al Mazrouei emphasised the importance of enhancing economic and commercial cooperation between the Board of Investment of Sri Lanka and SAIF Zone.

Upul Jayasuriya, Chairman of the BoI, said, "Sri Lankans have emerged as important investors within the UAE, and Sri Lanka is an important export destination for UAE manufactured goods. BoI and FCCISL are extending full support to Sharjah Airport International Free Zone."

Sarath Kahapalarachchi, President, FCCISL, said, "Concrete steps need to be taken to build a multi-dimensional collaborative framework that leads to sustained economic growth and job creation for both countries, translating into a truly win-win partnership."

Thomas Joseph, Business Development Manager, SAIF Zone, said, "SAIF Zone has state-of-the-art facilities in addition to tax and duty exemptions, multiple license facilities and easy access to billions of consumers."

SAIF Zone currently hosts over 7,600 establishments from 160 countries.


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