Sri Lankan government allocates land for Baili Investments for mixed development project
Sri Lanka’s Government Information Department has stated that Baili Investments Lanka (Pvt) Ltd will receive state land for a mixed development project in Rajagiriya, which is a highly populated suburb in the Colombo District.
The property which faces Buthgamuwa Road and Parliament Road in Rajagiriya will be given on a 99-year lease.
A Cabinet appointed Procurement Committee had recommended the award of two acres and three roods of land to the firm for a mixed development project.
The project comes under the purview of Sri Lanka’s Megapolis and Western Development Ministry.
OSL take:
Sri Lanka has become a hotspot for foreign investments due to the expansion of business/investment opportunities in the country due to the ongoing development programme. Foreign businesses/investors engaged in doing business with Sri Lanka are granted incentives by the state and also enjoy the benefits of the many trade agreements as well as trade concessions enjoyed by the country. Hence, foreign businesses/investors could explore business/investment opportunities in Sri Lanka’s development programme.
| Article Code : | VBS/AT/09102019/Z_2 |