Sri Lanka invites Turkey to invest in new opportunities

Turkey celebrated its Republic Day and the 94th anniversary of the establishment of Republic of Turkey on the 30th of October in Colombo with the participation of many dignitaries.

Sri Lanka and Turkey has strong ties in many sectors and the two governments expect to expand those ties further, especially in trade and investment sectors.

Speaking at the event, Minister of Public Enterprises Development Kabir Hashim said Sri Lanka is poised to become a key financial, logistical and business hub of the Indian Ocean and expressed hope that the Turkish investors would participate in the new opportunities that are now opening up in the country.

He said Turkey is the second ranked construction economy in the world and Sri Lanka welcomes the Turkish investments in the blooming construction sector in the island nation, particularly in the upcoming Greater Colombo Megapolis Development Project.

Ambassador of Turkey to Sri Lanka Tunca Ozcuhadar addressing the event noted that Turkey and Sri Lanka are friendly countries and the diplomatic relations between the two countries go back more than 100 years.

“We are having close relations in political, economic and People’s affairs. Government to Government ties between our two countries have been cordial. Thanks to the excellent diplomatic relations that we have turkey and Sri Lanka has continued to support each other’s candidatures at international organizations. The volume of bilateral trade between Turkey and Sri Lanka is humble and there is lot of room for growth, he said adding that Turkey has made it a priority to develop the financial and economic relations.

Ministers Sagala Ratnayake, John Amaratunga, Nimal Siripala de Silva, Faizer Mustapha, and Rauf Hakeem, MP Ravi Karunanayake, and Rosy Senanayake were among the participants at the event.