A Singapore government agency, International Enterprise (IE) Singapore, and the Ministry of Megapolis and Western Development (MoMWD) of Sri Lanka signed a Memorandum of Understanding (MoU) yesterday at the Istana.
The MoU aims to enhance business flows through greater access to partnerships for the development of the Western Region Megapolis.
This is the first MoU signed between Sri Lanka and a Singapore government agency, paving the way for stronger Singapore-Sri Lanka investment and economic partnerships, IE Singapore said in a release.
IE Singapore Assistant Chief Executive Officer (CEO) Tan Soon Kim and Secretary to the Sri Lankan MoMWD Nihal Rupasinghe signed the MoU yesterday. It was witnessed by Singapore’s Prime Minister Lee Hsien Loong and Sri Lanka’s Prime Minister Ranil Wickremesinghe, who is currently on an official state visit to Singapore - See more at: http://www.ft.lk/article/555764/SL--Singapore-ink-agreement-to-develop-Western-Region-Megapolis#sthash.DUkacTFT.dpuf