Press briefing of Cabinet Decision taken on 2024-01-29 (Subject to Confirmation at the next Meeting)

Establishment of the Investment Infrastructure Corporation

- The proposal made by the Hon. President to establish a statutory corporation in the name of Investment Infrastructure Corporation to establish and manage the Investment Promotion Zones with a view to providing necessary integrated infrastructure facilities for investors and to vest with the said Corporation, the responsibility for providing essential infrastructure facilities such as roads, electricity, water, and housing to the Investment Promotion Zones, was approved by the Cabinet.