Sri Lanka Construction Sector Research Highlights

Overview

Government infrastructure projects advance Sri Lanka's construction sector
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While the construction sector witnessed substantial growth in the 24 months leading up to 2018, domestic market forces including a falling rupee, warnings of an asset bubble and political instability have stymied growth of late. However, despite market disruptions, a number of key projects forged ahead in 2018, including Port City Colombo and the Hambantota Industrial Zone. While the landscape…

Chapter

The Report: Sri Lanka 2019: Construction & Real Estate
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Interview

Arun Pathak, Managing Director, WelcomHotels Lanka: Interview
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Interview:Arun Pathak How can attitudes towards vertical living be changed, and to what extent can vertical projects address urbanisation-related challenges? ARUN PATHAK: One of the first things that needs to happen is for local communities to feel comfortable with the space, and look forward to all of the benefits associated with vertical projects. Pressure exists in Sri Lankan society, especially…

Overview

Key real estate developments could position Sri Lanka as a regional business hub
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Impressive economic growth since 2009 has bolstered Sri Lanka’s property market. More employment opportunities, rising salaries and rapid rural-urban migration have all played a part in the expansion of housing and commercial properties. In recent years, increased investor appetite and a maturing economy have transformed Colombo into a dynamic modern city that still retains a sense of its…

Country Report

The Report: Sri Lanka 2019
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Sri Lanka’s promising progress with regard to free trade agreements, alongside finance reforms and ambitious growth strategies for manufacturing and ICT, look set to encourage increased foreign direct investment in 2019 – with 2018 having seen the highest levels on record. This should help offset the effects of political and economic volatility, as well at the increasing trade deficit that res

Analysis

Foreign investment in Sri Lankan real estate to be supported by new legislation
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In a bid to inject more foreign capital into the real estate sector and capital markets, amendments have been made to Land (Restrictions on Alienation) Act. Until this change was made, the transfer of title of any land to foreigners, overseas firms or Sri Lanka-incorporated companies with foreign shareholding of over 49% was prohibited by law. However, amendments passed in 2018 have enabled…

Analysis

Sri Lanka's construction sector struggles with securing enough local talent
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Since the end of the three-decade-long armed conflict in 2009, the construction industry has benefitted from rapid economic development. Despite unprecedented development in high-end residential and commercial space, as well as hotel and resort construction, the sector continues to be hampered by worker migration, with many construction professionals and unskilled workers seeking employment…

Economic View

Seth Tan Keng Hwee, Executive Director of Infrastructure Asia

On addressing the infrastructure deficit in emerging Asia How do you see the newly formed Infrastructure Asia dovetailing with transnational initiatives like the Belt and Road? SETH TAN KENG HWEE: I think the Belt and Road Initiative identifies a very large need when it comes to infrastructure. The market really needs infrastructure, but I think our cooperation would have to be case-specific. We…

Event

Sri Lanka BuildCon International Expo

For modernising using unexpected angular form , folding planes and ingenious light – suffused interiors new ideas need to be created and new policies need to be put in place. The policies need to be based on sound concepts and principles, for which the professionals have to contribute by propagating appropriate ideas and principles based on informed imaginations and tested experiences would be at…

Event

Lanka Build 2018

Staged as a B2B platform, Lanka Build 2018 aims to provide an arena for the suppliers of building & construction equipment, materials and technology to meet with key decision makers of the sector that includes developers, architects, M&E consultants/engineers, designers, contractors, distributors and retailers. It is the ideal platform to showcase the latest products and equipment to the Sri…

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Sri Lanka Construction Sector Research Highlights

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