ECONOMYNEXT – The Sri Lanka embassy in Abu Dhabi and the Export Development Board (EDB) have connected over 100 Sri Lankan ICT companies and professionals with the United Arabian Emirates (UAE) market, the foreign ministry said.
The initiative was taken to expand and double the island’s export options and income, the ministry said in a statement on June 22.
This was an outcome of a move to expand Sri Lanka’s ‘export basket’ under a government initiative to double export income, the ministry said.
“The embassy chose the ICT sector as an opportunity gateway for Sri Lankan IT companies as the UAE has modified their ICT sector under the ‘Smart City Concept’, which has the fastest e-gate system among the Middle East countries,” the statement noted.
According to EDB Chairman Suresh De Mel Sri Lanka ICT sector generates over one billion dollars a year.
Ambassador of Sri Lanka to UAE Malraj De Silva said Sri Lankan ICT professionals in the UAE to assist Sri Lankan youth to find new employment opportunities in the UAE market and help them participate in Bidding/Tender procedures in the UAE.
The ambassador has also said Sri Lanka can gain cost effective benefits under ‘Outsource Business Model’ instead of establishment of a company in the UAE. (Colombo/June21/2021)