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  LANKABUILD 2018 MARKET UPDATE: NEW MEGA-PROJECTS IN SRI LANKA’S BUILDING AND CONSTRUCTION INDUSTRY  
     
  Registering an average Gross Domestic Product (GDP) growth rate of 6% from 2013-2017, Sri Lanka’s building and construction industry is in full bloom with numerous major projects underway such as the construction of a mega-project near Sri Lanka’s main port and a new six-lane bridge over the Kelani River.  
     
   
     
  China has recently invested US$1 billion to construct three 60-storey buildings - the first building complex in Sri Lanka’s Port City Project in Colombo. Colombo’s Port City will be the first of its kind in South Asia. The deal follows an earlier investment of US$1.4 billion, to carry out reclamation work for the development of Colombo’s International Financial City. Strategically located next to Colombo’s harbor, it is the only deep-sea container port in the region.

Sri Lanka’s Prime Minister Ranil Wickremesinghe added on that the area has huge potential to develop into financial center like those in Europe or Singapore.

On the other hand, the six-lane Kelani bridge that began construction in early 2017, is currently in the detailed designing and resettlement process phase. With financial assistance provided by the Japan International Cooperation Agency (JICA), the bridge is intended to ease traffic congestion and ultimately contribute to the improvement of Colombo City’s transportation network.

To spearhead the on-going and future development projects in Sri Lanka’s building and construction industry, LANKABUILD 2018 – Sri Lanka’s No.1 International Building, Construction and M&E Exhibition, aims to bring in more exciting innovations, new solutions and ideas to catapult the nation greatly ahead.

Expecting more than 200 international brands from 25 countries such as China, Italy, Malaysia, Singapore, Taiwan, Thailand and Vietnam, this business-to-business platform is key to building up your brand, generating new sales leads, making contacts and networking with the industry’s top decision makers.

With booths now open for booking, you do not want to miss out on this opportunity to be part of the country’s biggest event for the building, construction and M&E industry. Contact Ms. Rina at rina@ambtarsus.com to reserve your ideal booth location today!
 
     
 
 
     
 
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