2026-02-20 / Oral Question: Investments received after November 2024 (Q.No. 11/2025) and procedural matter

Hon. (Dr.) Anil Jayantha - Minister of Labour and Deputy Minister of Finance and Planning

2026-02-20

The Minister of Labour and Deputy Minister of Finance and Planning tabled a written answer on behalf of the Minister of Finance regarding approved foreign investment projects. Between November 2024 and 31 January 2026, the Board of Investment (BOI) approved 78 new projects with an estimated US$541.38 million in foreign investment and 29 expansion projects with an estimated US$419 million, with 45 of these projects having commenced implementation or operations. The Minister noted that implementation timelines vary due to factors such as licensing, environmental approvals, land selection, and investor-specific challenges, and that the BOI continuously coordinates with relevant agencies to expedite progress within established regulatory frameworks.

Hon. Speaker, on behalf of the Minister of Finance, Planning and Development, I table the answer. - Answer tabled. (a) (i) Approved investment projects from November 2024 to 31 January 2026: - New projects: 78 projects; estimated foreign investment US$ 541.38 million. - Approved expansions: 29 projects; estimated foreign investment US$ 419.0 million. - Country-wise details are provided in Annex 01 (tabled). (ii) As in (i); totals and country-wise aggregates are in Annex 01. (iii) Projects approved from Nov. 2024 to Jan. 2026 that have commenced implementation/operations: 45 projects (31 under construction/implementation; 14 in commercial operation). Project list is provided in Annex 02 (tabled). (iv) The pace of implementation, time to completion, licensing, environmental approvals, land selection and investor-specific challenges can vary. The Board of Investment (BOI), in full compliance with established facilitation and regulatory frameworks, continuously coordinates with all relevant agencies to expedite implementation. (b) Not applicable.