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Sri Lanka construction firm eyes foreign jobs
14 Jul, 2011 09:38:54
By Jayantha Kovilagodage
July 14, 2011 (LBO) - Sri Lanka's Maga Engineering, which claims to the country's largest domestic construction contractor, is eyeing international projects in the Middle East and Africa, an official said.
The firm has seen a 30 percent rise in revenues in the 2010/2011 financial year with north east re-construction also helping, chairman M G Kularatne said.

He said in 2009 a global and local economic downturn had slowed business.

Kularatne said the firm has already looked at a road project in Tanzania, but said risks had to be carefully managed in Africa. It was however examining opportunities in Dubai.

Kularatne said in Sri Lanka the firm was involved in building a part of the A-9 highway to the northern Jaffna peninsula, a 63 kilometer Paranthan to Jaffna road, a 30 kilometre Paranthan to Mullativu road and a some work for the Jaffna hospital.

It Colombo it was involved in a 4.0 billion rupee building for the Customs and 2.0 billion rupee expansion of Sethsiripaya, a state administration complex in Battaramulla.

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