Raw Materials Need
Sri Lanka and the Arab states of the Persian Gulf (GCC) enjoy strong economic and military ties. This is reflected in the fact that more than 90% of the oil consumed by Sri Lanka comes from the Persian Gulf countries and Sri Lankan nationals form one of the largest expatriate communities in the Arabian Peninsula. Sri Lanka is one of the largest trading partners of the GCC. The Gulf countries have also played an important role in addressing Sri Lanka's energy security concerns with Saudi Arabia and United Arab Emirates regularly increasing their oil supply to Sri Lanka to meet the country's rising energy demand. In 2008, United Arab Emirates decided to invest in Sri Lanka's energy sector.
Read more about this topic: Foreign Relations Of Sri Lanka
Famous quotes containing the words raw and/or materials:
“—‘I wish I had feathers, a fine sweeping gown,
And a delicate face, and could strut about Town!’—
‘My dear—a raw country girl, such as you be,
Cannot quite expect that. You ain’t ruined,’ said she.”
—Thomas Hardy (1840–1928)
“If only it were God’s will that printed and written materials have as much influence on the people as the princes and their censors fear! Considering the countless good books we have, the world would have changed for the better a long time ago.”
—Franz Grillparzer (1791–1872)