Sri Lanka delegation meets with Saudi PIF officials to explore investment opportunities

A Sri Lanka delegation headed by Industry and Entrepreneurship Development Deputy Minister Chathuranga Abeyasinghe held a productive discussion with the senior officials of the Saudi Public Investment Fund (PIF), at the PIF headquarters in Riyadh, on January 25, 2026.

During the meeting, Abeyasinghe made a detailed presentation highlighting Sri Lanka’s competitive advantages and investment opportunities. The discussion also provided a platform to showcase the investment potential of Sri Lanka’s capital market. Securities and Exchange Commission of Sri Lanka Chairman Prof. D.B.P.H. Dissabandara and Colombo Stock Exchange Chief Executive Officer Rajeeva Bandaranaike briefed the PIF officials on Sri Lanka’s new policies and regulatory reforms aimed at strengthening investor confidence and facilitating sustainable market growth.

PIF Senior Director Mulham Albakree shared the details of the PIF’s Strategic Plan for 2026-2030, highlighting key areas of international investment interest. He also emphasised the importance of concluding a Bilateral Investment Protection Agreement between Sri Lanka and Saudi Arabia.

Ambassador of Sri Lanka to the Kingdom of Saudi Arabia Ameer Ajwad briefed the meeting on the status of the existing bilateral agreements, including the Agreement on the Avoidance of Double Taxation between the two countries.

Colombo Stock Exchange Director M. Ray Abeywardena, Securities and Exchange Commission of Sri Lanka Officer-in-Charge and Deputy Director General Tushara Jayaratne, Colombo Stock Exchange Senior Vice President Marketing Niroshan Wijesundere and Embassy of Sri Lanka First Secretary Tashma Vithanawasam were also present at the discussions.

The PIF is the sovereign wealth fund of the Kingdom of Saudi Arabia and one of the largest and most influential sovereign wealth funds globally. The PIF plays a central role in advancing Saudi Arabia’s Vision 2030 by driving economic diversification, fostering innovation and promoting sustainable long-term growth. 

The PIF manages a globally diversified investment portfolio across strategic sectors including energy, mining, infrastructure, logistics, manufacturing, tourism, real estate, technology, healthcare, financial services and capital markets.