BOI unveils plans for industrial, agro, and mineral investment zones in North

In a bid to attract Foreign Direct Investment (FDI) to the Northern Province, the Government of Sri Lanka will establish three economic zones, Board of Investment (BOI) Director General Renuka Weerakone announced at the launch of the Northern Investment Summit 2026 (NIS26), scheduled for January 21–22, 2026, in Jaffna.

“BOI is spearheading plans for three new industrial zones in the North, along with enhanced capital allowances specifically for Northern Sri Lanka,” she said.

The first zone in Kankesanturai (KKS), Jaffna, will focus on port and airport developments and related industries, leveraging the strategic location of the region’s port and airport facilities.

The second zone, the Paranthan Export Processing Zone, will concentrate on investments related to mineral sands and the processing of similar natural resources.

The third zone, located in Mankulam, will target investments in agro-based sectors.

Approximately 700 acres have already been earmarked for these zones, with 335 acres allocated to the KKS zone. The initial land maintenance and development activities for the KKS zone will involve an investment of USD 100 million.

“We believe the Northern Province has great potential with its natural resources, skilled workforce, and improving infrastructure. These zones will generate economic benefits for the region and attract FDI,” Weerakone added.

The NIS26 summit will facilitate partnerships aimed at creating new jobs, businesses, and lasting development, and will be attended by both local and diaspora investors, as well as international participants.