Home breadcru News breadcru Logistics breadcru Sri Lanka's Hambantota Port's FDI contribution acknowledged

Sri Lanka's Hambantota Port's FDI contribution acknowledged

10 Apr '24
1 min read
Sri Lanka
Pic: Hambantota International Port

Insights

  • HIP recognised as one of the most significant FDI contributors to Sri Lanka from 2017 to 2022, with an investment of $1.4 billion.
  • Johnson Liu, chief representative of China Merchants Port and CEO of Hambantota International Port Group underscored positive impact of HIP's industrial park, attracting substantial secondary FDIs from the global investors.
The Hambantota International Port (HIP) has recently been recognised as one of the most significant FDI contributors to Sri Lanka.

At the recent Board of Investment of Sri Lanka (BOI) 45th Anniversary Awards ceremony held at the Presidential Secretariat; HIP has been awarded for contributing foreign direct investment of $1.4 billion from 2017 to 2022.

Johnson Liu, chief representative of China Merchants Port and CEO of Hambantota International Port Group (HIPG), accepted the award from President Ranil Wickremesinghe.

He highlighted additional investments of $28.7 million aimed at bolstering the port’s infrastructure, emphasising their commitment to the ongoing development even as he expressed aspirations for HIP to become the premier service provider in the region.

Liu also underscored the positive impact of HIP’s industrial park, attracting substantial secondary FDIs from the global investors.

He stressed the importance of collaborative efforts among the government, export-oriented manufacturers, and service providers in positioning Sri Lanka as an attractive investment destination.

The event, inaugurated by President Ranil Wickremesinghe and attended by minister Dilum Amunugama and BOI chairman Dinesh Weerakkody, recognised various enterprises across Sri Lanka for their exceptional contributions.

ALCHEMPro News Desk (DR)

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