BOI signs agreement with Vallibel Properties to construct its landmark building

Jul 29, 2020 (LBO) – The Board of Investment of Sri Lanka has signed an agreement with Vallibel Properties Limited to construct 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 be completed within 18 months.

Susantha Ratnayake , Chairman BOI formally presents the Certificate of Registration to S B
Rangamuwa, MD, Vallibel Finance. Sisira Weerabahu, Executive Director, Vallibel Finance is also in the picture.