The Hon. (Dr.) M.L.A.M. Hizbullah

¶ 01 Bismillahir Rahmanir Rahim. Hon. Presiding Member, we welcome this historic Agreement between Sri Lanka and the United Arab Emirates. It is not only about investment but also about protecting those investments, creating a crucial economic bridge for Sri Lanka.

¶ 02 To attract FDI, we should enable full investor facilitation. Rigid structures such as mandatory 51 percent local and 49 percent foreign equity in all sectors will hinder inflows. Many countries allow up to 100 percent foreign ownership; Sri Lanka should consider 100 percent in sectors like tourism, agriculture and IT, aligned to policy and safeguards, to maximize benefits.

¶ 03 The UAE is a global hub in ports and aviation. Partnering with them will bring significant economic gains. We should also conclude similar agreements with other Middle Eastern countries, encouraging not just investment but tourism inflows.

¶ 04 On Israel’s actions, the world condemns the inhuman and barbaric attacks on civilians, including children, and the bombing of civilian infrastructure. While many nations censure these acts, Sri Lanka appears to have “opened doors” to Israelis who, in places like Pottuvil, are seen provoking altercations and flouting local laws—riding motorbikes without helmets, etc.—with little enforcement. A “Chabad House” has reportedly opened near a mosque; when four youths questioned on social media if it would be closed, two students were summoned by police for statements. We are concerned at the attention given to protecting Israeli interests while local concerns are sidelined. I urge Ministers who have historically voiced support for Palestine to ensure these issues are kept under control for the country’s safety.

¶ 05 To the Minister of Fisheries and Aquatic Resources: we welcome the Cabinet‑approved plan, backed by the President, to build a jetty at Valaichchenai next year at about Rs. 1,000 million. The local community has long struggled due to the inability to berth boats. On behalf of the people of Batticaloa, especially the fishing community, I thank you.