Sri Lanka attracts USD 4.7 Bn in investment proposals so far

Colombo, June 20 (Daily Mirror) - The Board of Investment (BOI) of Sri Lanka reported a USD 96 million increase in Foreign Direct Investment (FDI) during the first quarter of 2025 compared to the same period in 2024.

The figures were disclosed during a progress review meeting held today (June 20) at the Presidential Secretariat, chaired by President Anura Kumara Dissanayake, the President’s Media Division (PMD) said.

BOI officials further noted that domestic investment rose by USD 21 million, while export income increased by USD 176 million in the first quarter of 2025, compared to the corresponding period last year.

In total, Sri Lanka has attracted US$4,669 million in investment proposals thus far in 2025.

Addressing the meeting, President Dissanayake pointed out that Sri Lanka has drawn only around USD 22 billion in investment since 1978. By contrast, he cited Vietnam’s achievement of securing USD 23 billion in FDI in 2022 alone.

He emphasised that the BOI should focus on expanding investment in the services sector and proactively pursuing new opportunities, rather than solely attempting to reclaim previously missed investments.