Press briefing of Cabinet Decision taken on 2012-09-12

Establishment of "Saki" Knowledge and Technology Park in Hambantota

- the proposed Park will cover around 500 acres of land and will be implemented in three stages during the period from 2013 to 2016. After completion of the project, about 100 investors will engage in the IT Industry with a total investment of about US $5000 million. This will also create around 50,000 new job opportunities and will generate a total income of about US $700 million per annum. The proposal made by Hon. Ranjith Siyambalapitiya, Minister of Telecommunication and Information Technology, to proceed with the project, was approved by the Cabinet.