This is a best prospect industry sector for this country. Includes a market overview and trade data.
Last Published: 7/22/2019


The construction industry contributes nearly 9 percent of Sri Lanka’s GDP, employing around 600,000 workers. The construction sector has grown rapidly over the past nine years in development of high-end residential, commercial space, hotel and resort construction, and infrastructure with the sectors contribution to GDP in 2018 estimated at around 7.5 percent. The annual value of the construction sector is estimated at $3 billion. Many local and international construction companies are active in the industry.
Several large infrastructure projects are under development, including a new Port City on newly reclaimed land within Colombo’s city limits. The April 2019 terrorist attacks likely dented some optimism within the real estate and construction sector, but analysts expect demand to pick up with the economic recovery and low prices may offer opportunities for developers. 

Leading Sub-Sectors

Equipment sales
Engineering, procurement, and construction
Direct contracting


U.S. companies have significant opportunities to sell a range of equipment and technology, ranging from earth-moving equipment and building appliances to heating, ventilation, and air conditioning (HVAC) systems.  Buyers are often price sensitive but high-end developments have more leeway to purchase high quality products and services. 
Sri Lankan developers also frequently team up with U.S. engineering and design firms, especially for high-end office buildings, luxury apartments, or resorts.
The government also announced the Western Region Megapolis Project that hopes to radically modernize urban infrastructure in and around Colombo utilizing innovative technology (e.g. smart city innovations) to propel it to ‘high income developed nation’ status by 2030.  Details on specific projects and tenders will be available on as and when the government commences the project in stages.

Web Resources

Western Region Megapolis project
Urban Development Authority
Sri Lanka Ports Authority
Board of Investment of Sri Lanka
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More Information

Sri Lanka Design and Construction Services Trade Development and Promotion