UAE’s Aspire Properties to build US$89mn Sri Lanka apartment complex
ECONOMYNEXT – UAE based Aspire Properties Holdings Limited has been given the nod for an 89 million US dollar apartment complex project in Sri Lanka’s capital Colombo.
Sri Lanka’s Minister for Development Strategies and International Trade Malik Samarawickrama told parliament that 1.34 billion US dollars of investments had been approved up to April 2018 by domestic and international investors.
Aspire Properties will build the apartment in Colombo 02.
Another 55 million US dollars property projects by mainly domestic investors had also been approved by April 2018.
This includes a 16 million US dollar office complex. (Colombo/May28/2018)