[ Home - Projects ]

Projects

[ Projects ]

Projects from all sectors

Featured Projects-

Project Name :

Port City - Luxury Hotel Development

Market potential :

High. Colombo has been consecutively ranked as South Asia’s Best City to Live in by Mercer, reflecting Colombo’s attractiveness for businesses and mobile talent. Sri Lanka also offers a substantial pool of high quality human capital and competitive costs of doing business. Port City Colombo is expected to further enhance this appeal as a master-planned urban development. Following factors are expected to accelerate the roll-out of Port City: >A Special Economic Zone law to promote economic activity in the Service Sector (Offshore banking, regional Head quarter operations, ICT, knowledge and tourism related services). >Promote collaborations with international professional service companies to foster innovation and talent development >Prioritize government initiatives and incentives and investment into the most attractive priority sectors >Potential for growth in city tourism with currently a minimum presence of global hotel operators >Lack of sizable land parcels for development in the existing CBD – particularly in close proximity to the beach and with access to modern high quality infrastructure Sri Lanka has won Multiple awards in travel and tourism sector >Travel publication Conde Nast Traveler website included Sri Lanka for their 20 best countries to travel to in 2020 list. >Sri Lanka was ranked the No 1country in Lonely Planet‘s Top 10 countries to visit in 2019 >TravelLeisure ranked Sri Lanka as the World’s Best Island in 2019 / 2020 >Sri Lanka was identified by the Forbes as the best safari destination outside of Africa >Colombo won the first place as Asia’s Leading Emerging Tourism Destination at the World Travel Awards 2019.

Commence period :

NA

Expected investment :

Approx. Estimated USD 233.0 Million (including land lease, construction, FF and E, pre-operational, working capital)

Payback period :

NA

Project Name :

Port City - Villa Development

Market potential :

High. Colombo has been consecutively ranked as South Asia’s Best City to Live in by Mercer, reflecting Colombo’s attractiveness for businesses and mobile talent. Sri Lanka also offers a substantial pool of high quality human capital and competitive costs of doing business. Port City Colombo is expected to further enhance this appeal as a master-planned urban development. Following factors are expected to accelerate the roll-out of Port City: A Special Economic Zone law to promote economic activity in the Service Sector (Offshore banking, regional Head quarter operations, ICT, knowledge and tourism related services). Promote collaborations with international professional service companies to foster innovation and talent development. Prioritize government initiatives and incentives and investment into the most attractive priority sectors. Potential for growth in city tourism with currently a minimum presence of global hotel operators. Low rate of urbanization in Sri Lanka (18%) and low penetration of condominium living (10%). Lack of sizable land parcels for development in the existing CBD – particularly in close proximity to the beach and with access to modern high quality infrastructure.

Commence period :

N/A

Expected investment :

Approx. Estimated USD 362.5 Million (including land lease and development) (Market research suggests it could be mix of 3 – 6 BR villas on plots of 15 – 60 perches each with built up areas of up to 10,000 sf. Based on this, project value of $ 450m is derived at an average selling price of $ 750 psf)

Payback period :

NA

Project Name :

PROJECT ENDEAVOUR (Venture Capital)

Market potential :

Captive pool of tech workers (200,000 ICT Workforce; ~37% YoY), driven by a supportive educational ecosystem and the Government encouraging the expansion of the country’s knowledge-based economy. • ICT exports are a key contributor to the economy (roughly $5 Bn by 2025E), with its share continuing to grow. • Internet and mobile penetration levels in the economy are growing rapidly, while social media usage as a % of population is higher than in neighbouring countries, spurring growth in consumer internet companies in health, education, entertainment (gaming, digital media), financial services etc., sectors. • The COVID 19 pandemic has accelerated e-commerce adoption in Sri Lanka. Structural changes in the consumer economy are likely to persist to a large extent post the pandemic, given the value proposition of e commerce, leading to growth in adjacent segments such as logistics and consumer finance. • Sri Lanka can be considered a gateway to the South and South East Asia. The massive market potential of India, Pakistan and Bangladesh is a key opportunity for Sri Lankan companies, with IT and tech-based companies best positioned to benefit. • Local tech firms have validated their value proposition through successful exits in the global arena. • The number of tech firms in Sri Lanka have increased exponentially over the last decade. However, funding remains a key issue, as fast growth and scaling require significant and continuous investment. More details

Commence period :

NA

Expected investment :

USD 20 Mn

Payback period :