Investment Opportunities in Sri Lanka

Investment Opportunities in Sri Lanka

Sri Lanka vibrant business environment, educated, highly literate (in fact highest literacy rate in the South Asia region which is 97%) human resources, wide array of incentives packages for foreign investors, strategic location which connect East & West, ever developing infrastructure facilities and wide range of natural resources so far attracted over 1,200 well known foreign companies and continue to attract foreign direct investment to Sri Lanka. Sri Lanka attracted a cumulative FDI (Foreign Direct Investment) of 7 billion US$ from 2014 to 2019. However, it is unfortunate to observe no prominent Turkish investors in the list and investment from Turkey in Sri Lanka mere US$ 3 million. The Embassy noting the Turkey’s world top position in the Construction sector and with the Mission’s connectivity to the Directorate of Free Zones, Overseas Investment and Services in the Turkish Ministry of Trade, Turkish Contractors Association, prominent Trade & Industry Chambers and the Union of Chambers & Commodity Exchanges (TOBB) aggressively working towards attracting and motivating Turkish top companies/ business entities to look Sri Lanka through the Board of Investment of Sri Lanka (BOI- https://investsrilanka.com/ ), is readily available to provide incentives and assist Turkish investors to set up their operations. Sri Lanka is aiming to entice foreign investors for manufacturing (high value added / high tech), BPOs (Business Processing Outsourcing), KPO (Knowledge Processing Outsourcing), IT enabled Services, hospitality, food processing, logistics, education and large scale infrastructure, Pharmaceutical, Agriculture, transport infrastructure sectors. Main Export Investment zones are located in Katunayake, Biyagama, Koggala, Kandy, Horana, Seethawaka, Mirigama and Hambanthota the biggest free trade zone adjacent to Sri Lanka’s second largest international sea port situated in the southern part of the country waiting for the foreign investment.

Reasons to invest in Sri Lanka

1. Strategic location connecting east & west
2. Preferential market access to regional giants
3. Educated & adoptable workforce
4. Affordable production cost
5. Conducive infrastructure
6. Investor friendly legislation
7. More investment opportunities
8. Attractive incentives

 

The Colombo Port City Project

Port City of Colombo is a brand new city which is an extension of the commercial capital of Colombo, spanning 269 hectares of reclaimed land from the sea. Once built, it will become South Asia’s premiere residential, retail & business destination. The development will comprise financial district, central park living, island living, the marina and the international island. The new city will have over 5.6 million square meters of built space, facilities and spaces for healthcare, education, entertainment, hotels, restaurants, retail and office with an integrated resort and a marina. Sri Lanka welcomes Turkish investment and be part of the port city development.