MUSCAT: Oman and Sri Lanka have discussed opportunities to strengthen cooperation in special economic zones, free zones and industrial cities, as both countries seek to expand investment ties and promote sustainable economic growth.
Qais bin Mohammed al Yousef, Chairman of the Public Authority for Special Economic Zones and Free Zones (OPAZ), met with Harsha Amarasekera, Chairman of the Port of Colombo Special Economic Zone Commission, to explore potential areas of collaboration and investment.
The discussions focused on partnership opportunities in several sectors, particularly real estate and commercial development, with the aim of boosting investment flows and supporting economic diversification efforts in both countries.
The two sides also reviewed their experiences in the development and management of special economic zones and exchanged views on international best practices that could help improve operational efficiency, strengthen competitiveness and enhance the attractiveness of investment destinations.
The meeting examined ways to improve the business environment and attract high-quality investments, while highlighting the role of small and medium-sized enterprises (SMEs) in driving economic growth and innovation.
Both parties discussed opportunities to benefit from Sri Lanka’s SME expertise through the exchange of knowledge, technical know-how and successful development models that could support entrepreneurship and private sector growth.
Officials underscored the importance of continued cooperation and closer engagement between the two countries in areas related to economic zones, investment promotion and industrial development.
The talks form part of broader efforts by Oman to strengthen international partnerships and attract investment into its economic zones and free zones, which play a key role in the Sultanate of Oman’s economic diversification strategy under Oman Vision 2040. — ONA
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