The long-delayed redevelopment of the Trincomalee Oil Tank Farm has gained renewed urgency as Sri Lanka faces energy supply challenges amid global disruptions linked to the Middle East conflict. High-level discussions during the visit of C. P. Radhakrishnan highlighted the need to accelerate implementation, with officials emphasizing that no further delays can be afforded for such a strategically important project.
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The heavy mineral sands (HMS) project on Mannar Island, led by Titanium Sands, is emerging as one of Sri Lanka’s most significant upcoming resource developments. The project is expected to benefit from a new national mineral policy currently awaiting parliamentary approval, aimed at strengthening the country’s mineral economy and attracting foreign investment, with at least 14 investors showing interest in mineral exploration and processing.
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People’s Bank is seeking dynamic, high-potential individuals to join their team as Chief Engineer. Apply Now!
The Ambuluwawa Religious and Biodiversity Complex is set for a major infrastructure upgrade with the introduction of Sri Lanka’s first cable car system. The 1.5 km նախագ featuring nine towers aims to improve accessibility, reduce travel time, and increase foreign tourist arrivals from the current 8% to an estimated 10–15%, further strengthening its role as a key tourism and economic hub in the Kandy District.
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Prime Group has announced that its flagship residential project, YOLO by Prime Group, has received approval from the Board of Investment of Sri Lanka, marking a significant milestone in attracting foreign investment and supporting urban development. The company has signed a $52.5 million investment agreement with the BOI, highlighting the project’s contribution to economic growth and modern housing infrastructure.
