The office segment of Sri Lanka’s property market is likely to see rising levels of activity over the next few years, as developers scramble to bridge a shortage of premium space.
Sri Lanka
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Government commitments to step up privatisation, repair its balance sheet and encourage more listings should help broaden the base of Sri Lanka’s capital markets and draw stronger flows of foreign direct investment (FDI) into the economy.
Adverse weather conditions, combined with rising costs and greater competition, threaten to weaken Sri Lanka’s position in the global tea industry, though efforts to develop new markets could help offset downturns in exports and revenue.
Increased international arrivals and expansion into new segments are key elements in Sri Lanka’s plans to boost revenue in its growing tourism sector, an important earner of foreign currency.
Buoyed by a phased $1.5bn funding pledge from the IMF, Sri Lanka has its sights set on building economic momentum and improving investor sentiment in the coming months.
Sri Lanka is looking to boost its public transport infrastructure, particularly in Colombo, amid rising passenger numbers and increased road congestion.