Board of Investment realises 58% of investment target set for 2022

The state-run investment promotion agency, the Board of Investment (BOI) said it has to-date achieved 58 percent of the investment target set for the year. 

For the period from January 1to the first week of August 2022, Sri Lanka has been successful in bagging investments worth US$ 1.29 billion. The agency has a target of attracting investments worth US$ 2.2 billion for 2022.
The BOI has inked a total of 75 agreements, of which 26 are fresh projects. The remaining 49 agreements that were signed are for expansion projects.

In an update on social media, the BOI shared that out of the total agreements entered into, US$ 925 million were foreign investments and US$ 361 were local projects.
 For the apparel sector alone, agreements amounting to US$ 76 million were signed for both, new and expansion projects.