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Monday November 9th, 2026
Construction and Real Estate

China to build 1,996 low income houses in Sri Lanka with grant

Construction will be granted to Chinese contractors

November 6, 2024 1 min read

Sri Lanka state radio raises Rs1.5bn in land sales, to be used for restructuring, VRS

SLBC land in Ekala transferred to Electricity Board for Rs325mn and Urban Development Authority for Rs1,286mn

October 15, 2024 2 min read

Sri Lanka UDA land in Kollupitiya to be leased to Global Leasing

Land at Perahera Mawatha, Kollupitiya, Colombo 3 will be provided on a 99-year lease basis

September 14, 2024 1 min read

Sri Lanka's Maga Engineering given contract for World Bank-funded Kandy project

Cabinet approved the proposal to award the relevant contract to Maga Engineering (Pvt) Limited.

August 22, 2024 1 min read
Bay One Residences Colombo launched in Sri Lanka's China-backed Port City

Billed as first real estate project in the special economic zone

Sri Lanka seeks national policy, new authority to protect central highlands

Efforts are underway to establish a new integrated framework, bringing together all relevant parties

Migrants, not technology, to ease Sri Lanka construction labour shortage

ECONOMYNEXT – Labour shortages in Sri Lanka’s construction sector are more likely to be overcome by incomi...

March 26, 2019 1 min read

Chengdu businesses eye steel plant in Sri Lanka’s Hambantota

ECONOMYNEXT – A business delegation from the south-western Chinese city of Chengdu has shown interest in setting ...

March 25, 2019 1 min read

Indian housing aid to Sri Lanka largest overseas grant

ECONOMYNEXT –India’s housing project in Sri Lanka with a grant of almost 50 billion rupees (over 350 milli...

March 25, 2019 2 min read

Iconic eyes land acquisition in Sri Lankan buyer's market

Iconic Developments (Pvt) Ltd, a Sri Lanka-based unit of India's Apurva Natvar Parikh Group, is looking for land deals i...

March 22, 2019 3 min read

Sri Lanka mineral sands miner to set up new processing plant

ECONOMYNEXT – Sri Lanka’s government-owned mineral sands miner plans to set up a processing plant later th...

March 21, 2019 1 min read

Sri Lanka's Ceylon Steel group to set up US75mn cement grinding plant

Sri Lanka's Ceylon Steel and Onyx group is investing 75 million US dollars to set up a cement grinding plant in Mirijjaw...

March 19, 2019 2 min read

Sri Lanka to regulate water fittings imports, manufacture

ECONOMYNEXT – The government is to regulate import and local manufacture of water fittings to improve quality and...

March 19, 2019 2 min read

Sri Lanka's Sanken eyes mega projects with foreign partners after 2019 budget

Sri Lanka's Sanken Construction (Pvt) Ltd said it is now eyeing an 18 billion rupee government office complex contract, ...

March 18, 2019 2 min read

Japan's Belluna expects Sri Lanka property pick-up

The Belluna group, based in Japan, will invest 450 million US dollars in Sri Lanka's tourism and property sectors. The g...

March 14, 2019 2 min read

ACL Cables wins Rs1.8bn cable deal from Sri Lanka power utility

ECONOMYNEXT – ACL Cables has won a contract worth 1.78 billion rupees to supply aerial bundled cables to Sri Lank...

March 13, 2019 1 min read
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Sri Lanka open to releasing urban land for affordable housing

The Sri Lankan government is open to releasing state-held land in the capital Colombo to private sector real estate deve...

March 8, 2019 2 min read

JVs compulsory for foreign construction firms in Sri Lanka govt projects: Budget2019

ECONOMYNEXT - Sri Lanka's finance minister Mangala Samarawera said new rules will be introduced to compel foreign constr...

March 5, 2019 1 min read

Sri Lanka to speed up to property registration

ECONOMYNEXT – Sri Lanka will simplify and speed up the process of property registration, aiming to improve it fiv...

March 5, 2019 1 min read

Sanken outlines potential for capital gains, rentals in Sri Lankan market

ECONOMYNEXT – Sri Lanka’s property market is expected to yield good capital gains as well as higher rental...

March 5, 2019 2 min read

Sri Lankan property investment opportunities in focus at Maldives forum

ECONOMYNEXT – Investment opportunities in Sri Lanka’s real estate sector will come under focus at a forum ...

February 26, 2019 2 min read

Sri Lanka's Lee Hedges to build Rs1.1bn car park

Sri Lanka's Lee Hedges Plc said its board has decided to build a 1.1 billion rupee car park in a property on a Colombo 0...

February 19, 2019 1 min read

Tallest building outside Sri Lanka's capital planned

A 35-story residential and shopping tower complex in Ja-Ela north of Sri Lanka's capital Colombo has been given the go h...

February 11, 2019 1 min read

Cleveland Bridge UK wins Euro 37mn Sri Lanka deal

Cleveland Bride UK has won a 37.5 million Euro deal to build bridges in rural Sri Lanka, the government said.

February 9, 2019 1 min read

Sri Lanka's Alumex makes Rs 63mn loss in December quarter

ECONOMYNEXT – Alumex, the aluminium extrusions subsidiary of Sri Lanka's Hayleys group, said it lost 63.4 million...

February 5, 2019 1 min read

Sri Lanka's HNJ Towers to build U$14mn apartment

HNJ Towers (Pvt) Ltd, has been given the go ahead to build a 14.82 million US dollar apartment tower in Sri Lanka's capi...

January 22, 2019 1 min read