The Ministry of Investment in the United Arab Emirates, the Ministry of Petroleum and Natural Gas in India, and the Ministry of Energy in Sri Lanka have signed a trilateral memorandum of understanding aimed at transforming Trincomalee in Sri Lanka into a regional energy center. This collaboration is set to enhance energy cooperation among the three countries, facilitating investment opportunities and technical expertise.

The agreement was signed during a meeting in Abu Dhabi, where officials discussed the importance of developing Trincomalee’s energy infrastructure. The ministers emphasized their commitment to fostering sustainable energy projects and ensuring energy security in the region, which is crucial for economic growth.

This strategic partnership aligns with the UAE’s broader goals of diversifying its energy portfolio and engaging in international energy markets. By working together, the countries aim to leverage their combined resources and knowledge to develop Trincomalee as a key player in the regional energy landscape.