Sri Lanka, Jan. 24 -- Messenger Sri Lanka is offering tax holidays of up to 15 years and positioning Colombo Port City as a new financial and trade hub as it seeks to attract UAE investors amid renewed political and economic stability, a senior minister said.

Deputy Minister of Industry and Entrepreneurship Development Chathuranga Abeysinghe told Gulf News that the government is streamlining investment approvals and incentives to make Sri Lanka a predictable and competitive destination for foreign capital.

"We have two broad investment opportunities - the Colombo Port City, which is being developed as a regional financial hub, and projects under the Board of Investment," Abeysinghe said on the sidelines of the Invest Sri Lanka Investor ...