LEN - www.lankaenews.com | Opposition’s Criticism Silenced: Anura Brings the Largest Investment of $3.7 Billion..!

Opposition’s Criticism Silenced: Anura Brings the Largest Investment of $3.7 Billion..!

-By A Staff Writer

(Lanka-e-News -17.Jan.2025, 10.05 PM)

Countering Opposition’s Allegations:

Dismissing claims from the opposition that the interim government lacks experienced members and that President Anura lacks international connections, he has secured the largest-ever foreign direct investment of $3.7 billion for Sri Lanka. During his four-day state visit to China, a landmark agreement was signed last morning (16th) between Sri Lanka’s Ministry of Energy and China’s Sinopec Corporation to build a new oil refinery in the Hambantota region.

Details of the Investment:

This refinery, backed by Sinopec, a leading international petroleum company, will have the capacity to process 200,000 barrels of oil daily, with a significant portion intended for export. The $3.7 billion investment is expected to bolster the national economy and uplift the livelihoods of low-income communities in the Hambantota area. According to the President’s Media Division, the benefits of this initiative will soon extend to all Sri Lankans.

Key Figures Present:

Prominent attendees included Minister of Foreign Affairs, Foreign Employment, and Tourism Vijitha Herath, Minister of Transport, Highways, Ports, and Civil Aviation Bimal Ratnayake, Chinese Ambassador to Sri Lanka Qi Zhenhong, and Sri Lankan Ambassador to China Majintha Jayasinghe.

Anura’s Address to Chinese Investors:

Coinciding with the third day of President Anura’s visit, he participated in an “Investment Session” today (16th) organized by China’s public and private sectors. He invited Chinese investors to explore opportunities in Sri Lanka, emphasizing the country’s stable governance and transparent economy.

Notable Companies in Attendance:

Representatives from several leading Chinese corporations attended the session, including:
    •    China Tianying Inc. (CNTY)
    •    China Harbour Engineering Company Ltd.
    •    China Communications Construction Company Ltd.
    •    China Petrochemical Corporation (Sinopec Group)
    •    Metallurgical Corporation of China Ltd.
    •    China Civil Engineering Construction Corporation (CCECC)
    •    China Energy International Group Company Ltd.
    •    Guangzhou Public Transport Group
    •    Huawei
    •    BYD Auto

President Anura also engaged in cordial discussions with the heads of these organizations, emphasizing Sri Lanka’s readiness for international investments and fostering stronger bilateral ties.