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Sri Lanka construction industry targeted by Milcris
21 Sep, 2013 06:34:12
By Anushika Kamburugamuwa
Sept 20, 2013 (LBO) - Milcris (Pvt) Ltd, a construction consultancy with Sri Lankan origins which caters mainly to international projects in the Middle East says it is now targeting the domestic market.
"The time has come for us to enter into the local construction consultancy industry," chief executive Millan Christopher De Silva told reporters.

"It might be little too late though but since we are not targeting on small projects it’s the right time for us.

"There is lot of space for big projects in the country with the development that is taking place."

The chartered quantity surveying practice offers services including project management, cost consultancy and quantity surveying, contract and claim management.

Milcris says it had worked on large projects including Muscat Salalah airport in Oman, luxury hotels in UAE and has revenues close to 7 million US dollars a year.

"There are many ongoing projects and more to come in to the country," De Silva said.

"So with that, a need has been created for companies like ours to venture in to. Many international clients get the expertise from global consultancy services because they may be confident with international experience.

"Sri Lanka does not have companies which have experience in the international arena. We can fill that vacuum."

The firm expects to boost revenues to 10 million US dollars by 2014. The firm is now working on three projects in Sri Lanka including a 600 million rupee campus for ICBT.

The company employs 120 people, mainly Sri Lankans, but it has a diverse group of multi-national specialists from Scotland, Maldives, Oman, Europe and Australia.

"We do not want to disturb or we are not competing with local companies. Our competitors are international giants," De Silva said.

"We are looking for major projects where international consultation is needed."

Corrected

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