BOI aiming for more FDI this year
View(s):The Board of Investment (BOI), said this week that many significant investment projects are in the pipeline in 2026 including the SINOPEC Oil Refinery, while sector-specific investments are progressing in areas such as Thriloka Vijaya Pathra based manufacturing, Spices and Arecanut processing, Data Centres, Virtual SEZs, Capital Mobility initiatives for Start-ups, and other emerging sectors.
The BOI expects to finalise agreements on these during the coming months, it said in a media release adding that with the institutional transformation underway and the ongoing review of the Economic Transformation Act to further strengthen the BOI’s mandate, Sri Lanka is well-positioned to achieve its US$1.5 billion FDI target in 2026.
Last year investments surpassed $1 billion Foreign Direct Investment (FDI) target, marking a decisive turning point in Sri Lanka’s investment recovery and the BOI’s institutional transformation. FDI inflows for the year reached $1,057 million, representing a 72 per cent increase compared to 2024.
This strong performance reflects renewed global investor confidence in Sri Lanka, supported by improving macroeconomic stability, clearer policy direction, and an enhanced investment facilitation framework. In total, 189 companies infused FDI during 2025, of which 26 were new investment projects that signed agreements with the BOI during the year.
These new projects contributed $134 million, accounting for 13 per cent of total FDI inflows for the year, which is an increase from the norm of 2– 10 per cent of FDI coming from projects within the year, while the remaining $923 million originated from continuation and expansions of projects of existing investors. It said the successful entry of new investors in 2025 demonstrates Sri Lanka’s regained credibility as an investment destination.
At the same time, continuation and expansion projects through fresh injection of funds and re-investments by existing investors reflect a positive and expected trend in a growing investment environment, indicating sustained confidence among existing investors. According to updated and scrutinised data gathered from BOI approved companies, the $1,057 million FDI inflow comprised $167 million in equity capital, $213 million in re-investments, $567 million in intra-company borrowings, and $110 million in foreign commercial borrowings.
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