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BoI signs agreements with AKDA Group for projects worth over US$ 4 million

The Board of Inve- stment of Sri Lanka (BoI) signed two agreements with AKDA Real Estate (Pvt) Ltd and


agreements: A. K. Diyabalanage, Chairman of AKDA Engineering International (Pvt) Ltd, receives the BOI Agreement document from Chairman/Director General Dhammika Perera. Also in the picture are J. M. Bisara Chanakya, Consultant, Mrs D. R. G. Diyabalanage and Ms Hashika Diyabalanage, directors of the companies.

 AKDA Plantation (Pvt) Ltd related to real estate and agriculture sectors.

The agreement between AKDA Real Estate (Pvt.) Ltd and the BOI covers the construction of two super luxury apartment complexes in Colombo. The investment for the project is around US$ 3.6 million and construction work will commence shortly.

With an investment of US$ 600,000, AKDA Plantation (Pvt) Ltd signed an agreement for a project to cultivate flowers for the international market. A spokesperson for the company stated that the cut flowers would be exported mainly to the European Union.

The project will be located at Uda Hingulwala, Kandy, and will initially generate 62 new employment opportunities.

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