Sri Lanka, Jan. 28 -- The Board of Investment (BOI) signed both local and foreign investment deals to the tune of US$ 2 billion last year, said Chairman BOI, Dinesh Weerakkody.

This is despite internal setbacks in Sri Lanka as well as global economic issues with three wars going on involving Russia, Ukraine and Israel and neighbouring countries over Gaza. As the Sri Lankan economy is slowly but steadily pulling back from the worst economic situation post-independence era investors prefer to invest in Sri Lanka while BOI companies too are looking to reinvest.

BOI achieved US$ 2 billion in total investments with signed and approved FDI projects for 2023 which shows that investor appetite is once again back in Sri Lanka.

The significant i...