The Malaysian government and the private sector are looking to channel $300 million foreign direct investment (FDI) into Sri Lanka.
The two countries have a long history of bilateral relations and Malaysia is one of Sri Lanka’s key trade partners.
A major area of interest for FDI is the leisure sector including the development of new theme parks. Malaysian investors are reportedly awaiting government approval for a proposed $100 million investment in a theme park.
According to the Malaysian High Commissioner to Sri Lanka, Wan Zaidi Wan Abdullah, discussions with the government are currently underway regarding possible projects across the leisure sector.
Other areas the government is exploring include tourism, as well as the oil, gas and energy sectors.