Nov 18, 2016

Turkey upbeat on Sri Lanka Megapolis

World’s second ranked construction economy came forward on 12 November to partner with Sri Lanka’s ambitious Megapolis Project.

“Turkish contractors are world renowned. They can partner in various construction projects in Sri Lanka including the planned Megapolis” said Turkish Prime Minister Binali Yıldırım in Istanbul.

Turkish PM Yıldırım was addressing Sri Lanka’s Minister of Industry and Commerce Rishad Bathiudeen who made a courtesy call on him recently . Minister Bathiudeen was meeting Turkish PM Yıldırım in the aftermath of his successful Second Session of Sri Lanka –Turkey Joint Committee Meeting of Technical and Economic Cooperation (JCMTEC) in Ankara.

According to the Department of Commerce, bilateral trade between Turkey and Sri Lanka stood at $230 Mn in 2015.

"Turkey is pleased of the progress made by the new Unity government in Sri Lanka” said the Turkish PM Yıldırım and added: “Sri Lanka and Turkey have cordial and historic relations. Turkish construction contractors are world renowned. They can partner in various construction projects in Sri Lanka -including the planned Megapolis of Sri Lanka, he said.

The Megapolis project was launched in January 2016 and is expected to be completed in 15 years at an estimated $270 Mn.

“During our Ankara session, both sides agreed to take our bilateral trade to $500 Mn by 2020. Sri Lanka welcomes Turkey contractors to partner in Sri Lanka’s projects and invite representatives from Turkish contractor community to visit Sri Lanka. During the meeting, both Minister Bathiudeen and Turkish PM Yıldırım also discussed other avenues of bilateral cooperation.

According to the latest ranking of the world’s top 250 contractors by Engineering News Record (ENR) magazine, after China (which leads the ranking), Turkey is the second largest economy whose contracting companies build “the largest volume of projects across the world outside their home countries.”

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