Colombo: Sri Lanka and Saudi Arabia have decided to enter into a framework agreement to strengthen the relations between the Lankan government and the Gulf Cooperation Council (GCC).
The decision was taken at a meeting held between Foreign Minister Ali Sabry and Secretary General of the GCC, Dr.Nayef Falah M Al Hajraf on Thursday(26), to expedite the process to enter into a framework agreement to enhance cooperation between the two entities, Secretariat of the GCC.
Sabry is on the last leg of his five-day tour to Saudi Arabia, where he is accompanied by State Minister of Rural Economy Kader Masthan and Additonal Secretary for Consular Affairs, U.L.M.Jauhar. Sri Lanka’s Ambassador in Riyadh, Pakeer Mohideen Amza and the Consul-General in Jeddah, Faiah Moulana also took part in official discussions.
In another development, the Jeddah-based Islamic Development Bank has offered to coordinate with the government of Sri Lanka to organize an Investment Conference to unlock alternative finance to help Sri Lanka.
This was revealed at a discussion held on Tuesday, January 25 between Foreign Minister Ali Sabry and Dr.Zamir Iqbal, Vice President of Islamic Development Bank.
Sri Lankan ambassador in Riyadh, P.M.Amza who was present at the discussions told Colombo Times that this is good news for our country.” Our foreign minister’s talks with the IsDB officials were highly productive since it could attract investments from the rich Islamic countries.
Currently, Sabry is in Saudi Arabia on an invitation from his Saudi counterpart Prince Faisal Bin Farhan and the two ministers are slated to meet on Thursday in Riyadh for a detailed discussion.
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