Sri Lanka has invited Saudi Arabia to set up a petroleum refinery in the southern part of the island, announced the Governor of the Central Bank Arjuna Mahendran.
Mr Mahendran led a delegation of CEOs of commercial and state banks in Sri Lanka to Saudi Arabia in his visit to the Kingdom, which ended on Wednesday.
Explaining the purpose of his visit Mr Mahendran, expressing the government’s commitment to exploring new areas of cooperation with Saudi Arabia, said,
“We are exporting tea for some $800 million to the Kingdom. This could be improved and there are several other areas where the two countries could benefit from viable projects.
Representatives from the Bank of Ceylon, Peoples’s Bank, Commercial Bank, HNB, NDB, Amana Seylan Bank, Sampath Bank and Deutsche Bank AG formed part of the Sri Lankan delegation to Saudi Arabia, reports Colombo Page.
Mr Mahendran led a delegation of CEOs of commercial and state banks in Sri Lanka to Saudi Arabia in his visit to the Kingdom, which ended on Wednesday.
Explaining the purpose of his visit Mr Mahendran, expressing the government’s commitment to exploring new areas of cooperation with Saudi Arabia, said,
“We are exporting tea for some $800 million to the Kingdom. This could be improved and there are several other areas where the two countries could benefit from viable projects.
Representatives from the Bank of Ceylon, Peoples’s Bank, Commercial Bank, HNB, NDB, Amana Seylan Bank, Sampath Bank and Deutsche Bank AG formed part of the Sri Lankan delegation to Saudi Arabia, reports Colombo Page.