The Sri Lanka UAE deal on investment protection received overwhelming approval in parliament with 163 votes in favor and none opposing, marking a major step in strengthening economic ties and foreign investment confidence.
Sri Lanka parliament backs UAE investment deal with 163 votes, boosting investor confidence.
Sri Lanka’s legislature on Tuesday passed a resolution approving the investment protection agreement signed with the United Arab Emirates earlier this year. The motion carried with 163 votes in favor in the 225-member house, with no opposing ballots, underscoring broad political support for closer economic collaboration.
The Sri Lanka UAE deal, officially titled the Agreement on Reciprocal Promotion and Protection of Investments, was signed during President Anura Kumara Dissanayake’s three-day official visit to the Emirates to attend the World Governments Summit 2025. The agreement aims to create a secure legal framework that protects investments by UAE nationals, corporations, and associations operating in Sri Lanka, while also safeguarding Sri Lankan investments in the UAE.
Parliament’s endorsement signals a commitment to ensuring a transparent, rules-based environment for international capital. By reducing risk and offering stronger legal protections, the pact is designed to attract long-term inflows of foreign direct investment. It is expected to expand trade opportunities, deepen bilateral cooperation, and position Sri Lanka as a more competitive destination for global investors.
Officials said the agreement aligns with the government’s broader strategy of boosting economic stability and increasing external financing channels. The Sri Lanka UAE deal is also seen as a catalyst for enhancing investor confidence at a time when the country is working to rebuild growth momentum and integrate more closely with regional markets.