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 to be held next week in the Maldives, whose firms have been active investors on the island.

The forum on 4th March in Malé, held by Research Intelligence Unit (Pvt) Ltd. (RIU), will be a business networking platform with Maldivian investors and Sri Lanka industry experts, a statement said.

The RIU Investor Forum 2019 will see some leading developers from Sri Lanka such as John Keells Holdings, Capitol Developers by Sanken, and Prime Group.

“The Maldives has made rapid progress in recent years to become a middle-income country and at present, showcases the highest per-capita GDP in the South Asian region,” the statement said.

“Consequently, both Maldivian businesses as well as entrepreneurs have been actively engaged in real estate investments in Sri Lanka, Malaysia, Singapore, the United Kingdom and many other countries.”

For most Maldivians, Sri Lanka has been the perennial favourite second-home destination, with the Maldivian population resident in Colombo estimated at between 11,000 – 16,000.

Over 76,000 Maldivians visited Sri Lanka in 2018.

The panel sessions and presentations will discuss real estate investments in Sri Lanka, with a specific focus on the residential market in Colombo, and regulations and support systems for Maldivian nationals in Sri Lanka.
(Colombo/February 26/2019-SB)

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