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    SRI LANKAN CONSTRUCTION INDUSTRY SET TO SOAR IN 2017 AND BEYOND  
       
    The Sri Lankan’s government budget for 2017 has incorporated measures to stimulate and benefit the construction, engineering and material sectors and will focus on increasing homeownership affordability, big government infrastructure projects and rising demand for high-rises, stock brokers First Capital Equities said.

The report said the listed Construction & Building Material Sector on the Colombo bourse is expected to provide 46% average return (annualised 29%) over an 18-month period, well above the expected market return. 

Middle income affordability will be one of the drivers of construction through the housing market, coupled with the prevailing lower interest rate and accelerating urbanisation has increased demand for housing and apartments, driving the construction sector.

 
       
     
       
    TOURIST ARRIVALS & OFFICE SPACE SHORTAGE TO SPUR THE SECTOR FURTHER  
       
    With the prevailing high tourist arrival figures converting into new hotels, supplementary establishments and shopping malls, skyscraper construction is expected to continue at a similar pace to the last 5 years. 

The shortage in office space is also likely to add to the future demand for more skyscrapers over the same period of time.
 
       
    TOP INDUSTRY LEADERS CONFIRMED PARTICIPATION – EXHIBIT HIGHLIGHTS  
       
    The important players in the construction and related industries in Sri Lanka as well as from various countries will be congregating at the LankaBuild’17 set to be held at the Sri Lanka Exhbition & Convention Centre, Colombo from 10-12 August. International Pavilions will be established by delegates from Malaysia, India, China, Taiwan, Singapore and Thailand. . Over 250 exhibitors from 15 countries are expected to showcase a comprehensive range of exhibits, many for the first time in the country.

LankaBuild’17 is geared to provide the right environment as well act as a real catalyst to the Sri Lankan building and construction industry with all signs foretelling a bright future for the industry as indicated by the growth experienced by the industry.

To reiterate, the construction sector GDP stood at Rs. 247 b (US$ 1.9 b) in 2012 while the sector recorded a growth of 21.6% in 2012 compared to the GDP growth of 6.4% and industry sector growth of 10.3%.

There’s no better time than now to accelerate your business and be a part of the country’s No.1 Building And Construction Show.  For Thai Companies, special Packages await you! For more information on the Thailand Pavilion, please contact Mr Syed syed@ambtarsus.com to book your booth.

 
       
   
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