Foreign direct investment in to Sri Lanka doubles to US442mn in 1Q

May 29, 2014 (LBO) - Foreign direct investments into Sri Lanka doubled from a year earlier to 442 million US dollars in the first quarter of 2014, investment promotion minister Lakshman Abeywardena said.
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This year Sri Lanka is expecting 1.5 billion US dollars Minister Abeywardena said.
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He said 36 percent of the investments came into tourism, 26 percent into utilities, 15 percent into infrastructure, 7 percent into industry and 4 percent into apparel.

In the first quarter 40 new projects were approved, and 38 agreements signed.

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During the first quarter 27 have begun construction and 26 firms have started operations, Abeywardena said.

In 2013 Sri Lanka had attracted 1,398 million US dollars worth investments.

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