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
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