The Sri Lankan property development industry is bound to grow and has a huge potential to attract investment to the country, said Foreign Minister Managla Samaraweera at the ground breaking ceremony of the Havelock City Development Project yesterday.
“Economic growth will drive MNC’s and precipitate the expansion of commercial businesses in Colombo.
The measures taken by Havelock City to build yet another Office Tower will help Sri Lanka meet the increasing demand for premium office space,” he said.
A proper shopping mall has not been built in Sri Lanka for the last 25 years. It was time that Sri Lanka looks towards neighboring countries where the shopping mall concept has spread rapidly with large developments, he pointed out.
Tao was one of the pioneer investors who supported our country when it really mattered, at the peak of the conflict war when Sri Lanka was desperate for foreign direct investment, he said.
This property stands out as Lanka’s economic hub facilitating global investors for much needed connectivity with Sri Lanka. Tao was also one of the founder investors in our real estate industry where he pioneered the development of condominium business in Sri Lanka by conceptualizing and developing the Havelock City project, Samaraweera said.“This property has set the pace for creating a billion dollar industry to bring in the much needed foreign exchange revenue attracting global investors and influx of investment from Sri Lankans living and working abroad,” the minister added.
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