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Project news3 months ago

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.

Project news3 months ago

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.

Project news3 months ago

Sri Lanka’s Foreign Minister Vijitha Herath has identified the redevelopment of the Trincomalee Oil Tank Farm as a long-term solution to the country’s ongoing fuel and energy challenges. The government plans to modernise the Second World War-era storage facility and develop Trincomalee into a regional energy hub through a tripartite partnership with India and the United Arab Emirates. This initiative follows a Memorandum of Understanding signed in April 2025 during the visit of Narendra Modi.

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