Saudi Arabia pledges $300m in aid to Sri Lanka

By On September 03, 2018

Saudi Arabia pledges $300m in aid to Sri Lanka

  • Home
  • Politics & Economics
Saudi Arabia pledges $300m in aid to Sri Lanka The move comes as Saudi Arabia and Sri Lanka seek to improve bilateral ties Saudi Arabia pledges $300m in aid to Sri Lanka Sri Lanka has been actively seeking to improve ties with Saudi Arabia for the last several years, particularly in the tourism sector. By Staff writer Mon 03 Sep 2018 11:27 AM

Saudi Arabia has reportedly pledged $300 million in aid to Sri Lanka for water supply projects and agricultural, education and health sector development, according to Sri Lankan media outlets.

Saudi ambassador Abdul Nazar Al Hardi announced the assistance project to reporters during a visit to a road development project in Padiyatalawa in eastern Sri Lanka on Sunday.

“We are happy to assist Sri Lanka and look forward to strengthening bilateral ties wit h Sri Lanka,” he said.

Sri Lanka has been actively seeking to improve ties with Saudi Arabia for the last several years, particularly in the tourism sector. In 2017, more than 50,000 Saudi nationals visited Sri Lanka.

Additionally, the Saudi Fund for Development has been operating in Sri Lanka for more than 30 years, and recently funded a 200-bed hospital for epileptics in the capital of Colombo.

Sri Lankan airlines also operates 18 return flights to Riyadh, Jeddah and Dammam to cater to the Sri Lankan expatriate population in the kingdom, the largest Sri Lankan community in the Middle East.

For all the latest business news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily. Last Updated: Mon 03 Sep 2018 11:58 AM GST

Subscribe to our Newsletter

Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.

Quick links

  • UAE Holidays 2018
  • Dubai News
  • Abu Dhabi News
  • Aviation News
  • Qatar News
  • Oman News
  • Kuwait News
  • Saudi News
  • UAE News
  • Asia Cup 2018 Schedule
Source: Google News Saudi Ar abia | Netizen 24 Saudi Arabia

Next
« Prev Post
Previous
Next Post »