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Friday, March 07, 2008 - 7.55 GMT |
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BOI signs agreements for 4 new projects |
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Board of Investment of Sri Lanka (BOI) signed
agreements for 4 new projects worth US $ 50 million
on March 04, a BOI press release said.
Ceylinco Commercial Property Developers (Private)
Limited
Agreement was signed between BOI and Ceylinco
Commercial Property Developers to construct Realty
Tower, a state of the art Shopping and Apartment
Complex with 18 floors in Nawala.
This project will commence with an initial
investment of US $ 33 million and is expected to
provide employment opportunities for 20.
Equity Property Developers (Private) Limited
The agreement signed with Equity Property Developers
is for a project set up an apartment complex. This
apartment complex will be located at Mount Lavinia.
This project is an initial investment of US $ 15.5
million. Construction of the complex is expected to
commence in 3 months and is expected to be carried
out in 2 phases. The luxury apartment complex will
contain more than 200 apartments catering to the
housing requirements of the high income sector.
Orutampa Middle East Engineering Consortium
(Private) Limited
Orutampa Middle East Engineering Consortium is a
project to design, develop and export architectural
and electrical drawings and provide engineering
services to overseas clients. The venture is
expected to commence commercial operations within 2
months.
This project is an investment of US $ 600,000 and is
expected to provide employment opportunities for a
work force of 65. The venture located at Colombo 9
is expected to commence operations in 2 months time.
Amana Global (Private) Limited
The agreement signed with Amana Global is for a
project to establish a regional operating
headquarters company. The venture will provide
technical support services, research & development
services, administration services, business planning
& coordination services, financial & treasury
services and marketing and sales services to foreign
clients.
This project is an investment of US $ 250,000 and is
expected to provide employment for 5.
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