Sri Lanka, Jan. 26 -- Sri Lanka is offering tax holidays of up to 15 years and positioning the Colombo Port City as a new regional financial and trade hub as it seeks to attract investors from the United Arab Emirates, amid renewed political and economic stability, a senior Government Minister has said.

Deputy Minister of Industry and Entrepreneurship Development, Chathuranga Abeysinghe told media outlets in the UAE on Friday that the Government is moving to simplify investment approvals and incentives to make Sri Lanka a more predictable and competitive destination for foreign capital.

"We have two broad investment opportunities, the Colombo Port City, which is being developed as a regional financial hub, and projects under the Board ...