ECONOMYNEXT  - A 35-story residential and shopping tower complex in Ja-Ela north of Sri Lanka's capital Colombo has been given the go-ahead by the state investment promotion agency.

Bellevue Residencies (Private) Limited, a joint venture between MAGA construction and Chandima Karandawala, a civil engineer resident in Nice, France will build the tower, Sri Lanka's Board of Investment (BOI) said.

The 15.4 million-dollar tower will be the largest building outside the capital Colombo, the BOI said.

Ja-Ela is near the country's main international airport in Katunayake.

The BOI said Karandawala has been involved in construction in the French Riviera including a house for Julian Lennon, the son of Beatles star John Lennon. (Colombo/Feb11/2019 - SB)