Sri Lanka’s Development Strategies and International Trade Minister Malik Samarawickrama recently told reporters that Sri Lanka is estimated to drawn over US $ 2.2 billion as foreign direct investments (FDIs) last year, which is an all-time high recorded.

“We are still reviewing the final statistics, which may be released towards the end of this month. However, I think we will end up with $2.2 billion for 2018,” Minister Samarawickrama told reporters. According to him this year they are expecting FDI’s to the tune of over US $ 3 billion.

 Minister further lamented that some of the investments were unfortunately got delayed because of the political instability the country experienced towards the later part of 2018. However, he said that they are re-discussing those investments.

“We are negotiating on a huge refinery and a steel manufacturing plant in Trincomalee. If these investments come in we will have a substantial inflow of FDIs by end of this year,” Minister Samarawickrama added.