The Board of Investment of Sri Lanka signed an agreement with Vallibel Properties Ltd for the construction of its State-of-the-art 16-storey Office complex.

This project with a total value of US$ 8.1 million will be set up at Colombo 3 and expected to provide direct employment for 200 employees.

The agreement was signed on behalf of the BOI by Susantha Ratnayake, Chairman of the Board and S B Rangamuwa, Managing Director of Vallibel Finance.

“It’s our shared responsibility to rebuild Sri Lanka and our decision not to delay our most ambitious investment yet speaks volumes of Vallibel’s commitment to the economy and its preparedness to face the most daunting challenges.” S B Rangamuwa stated.

Carrying the hallmarks of a unique architectural masterpiece, the 16-storey building is expected to stand out just the way it has on many fronts in its short but peace-setting 12 years. These include being named by LMD as the most respected finance company in Sri Lanka.

Vallibel Properties expects to complete the project within 18 months.