The completion of the Bingiriya Investment Zone is projected to generate $2.6 billion in export income and create 75,000 job opportunities, stated President Ranil Wickremesinghe during the inauguration ceremony of the second and third phases of the Export Processing Zone in Bingiriya.
He emphasized ongoing efforts to establish new investment zones to further bolster the country’s export economy while inaugurating the newly constructed Dongxia Industrial & Commerce Co. Ltd. in the Bingiriya Export Processing Zone.
Following the tour, the President held discussions with officials from the Board of Investment (BOI), the Urban Development Authority (UDA), investors, and entrepreneurs. He instructed officials to develop Bingiriya, Dummalasuriya, and Madampe to metropolitan standards, alongside infrastructure improvements in the export processing zone.
Plans to transform Bingiriya into a major economic region include enhancing sectors such as agriculture, manufacturing, information technology, tourism, and fishing. The President highlighted that a robust economy can be established by strengthening the export economy, manufacturing, tourism, technology sectors, and modern agriculture.