CON-EXPO, stands for construction Materials, Method, Equipment and Real Estate Exposition. This exposition will be providing a marketing platform with buyers and sellers, and also the Exposition will launch the public relation campaign as a part of our program which will give your company an added exposure, which by it would have.
The Sri Lankan construction industry last year continued to grow at 20.2 per cent on the back of declining interest rates and low inflation, according to an industry report. Alumex PLC annual report for 2014 /15 has said that in 2014 Sri Lanka GDP growth was at 7.4 per cent with the major contribution from the Construction Sector which saw a growth rate of 20.02 per cent.
Sri Lanka’s construction industry has been a major beneficiary of the country’s rapid economic development over the past few years. Since 2010 the country has rushed to make up for more than two and a half decades of intermittent building activity across most segments, from high-end residential housing to commercial and office space to a variety of key infrastructure segments. In 2015 and early 2016 Sri Lanka’s real estate market expanded rapidly, continuing a medium-term growth trend that has been fuelled by an increased appetite for residential property among the nation’s wealthy and middle-class population, growing demand for grade-A office and commercial space from local and foreign corporates, and rising interest in the country as a tourist destination.
According to DCS data, as of 2012, the total estimated value of all types of construction activity in Sri Lanka was $816.7m), some $740.2m or around 90.6% – of which was chalked up to public sector activity. Buildings, or structures, made up $417.6m of work done in 2012, which was equal to 51.1% of total work.
In Sri Lanka the construction sector (sub segment of the industry sector) accounts for the majority of the total investment as country is marching towards a rapid economic expansion after the end of the 30-year war. Construction sector GDP stood at Rs. 247 b (US$ 1.9 b) in 2012 while the sector recorded a growth of 21.6% in 2012 (Graph1) compared to the GDP growth of 6.4% and industry sector growth of 10.3%. The growth rates started to pick after 2009 as major buildings and other infrastructure projects are taking place in the transition period of the country (Graph 2). The Institute of Construction Training & Development (ICTAD) and the Chamber of Construction Industry Sri Lanka (CCI) are the apex bodies and accredited representative of the domestic construction industry, while many State-owned entities and private construction companies are registered under ICTAD. In addition, international contractors and unregistered informal contractors carry out construction work