Blue Ocean Group & Link Engineering marching towards greater heights
Geared for Record-Breaking achievements with Strategic Partnership
Sri Lanka is making rapid progress towards economic development and real estate industry is now counted as the major contributor to this development. It is after a lapse of nearly three decades, the country had gained the momentum and advances towards a better tomorrow. Hundreds of construction companies, both local and international are engaged in the construction industry with sound investments by which the country’s economy is being strengthened day by day.
As a result of this healthier situation, the world now shows a keen interest to make substantial investment with a confidence of getting good dividends in Sri Lanka due to its ongoing socio economic stability and rapid economic growth. Global investors strive to make use of fresh opportunities by investing in Sri Lanka, which lies very close to one of the most sought after international sea trade routes.
Colombo City is recognised as the most suitable location to be South Asia region's commercial hub and it is cited as South Asia's cleanest and most livable location. With GDP per capita of the country is destined to reach the level of US$ 4,000–5,000 within the next three years, demand for real estates and properties in the country will boom and propelled by the US$40 billion mega redevelopment project that Colombo and its suburbs witness now under the ambitious Western Region Mega polis Project–Sri Lanka’s grand strategy to propel the country to achieve its target to be the ‘a developed nation’ by 2030 and gear the economy of this Indian Ocean Island economy towards ensuring an unprecedented GDP per capita of US$ 65,910 by 2050.
Similar to the emerging economies in China, Brazil and India, Sri Lanka has a wealthy middle class segment that can afford lavish lifestyle. The government is determined to take the development to all parts of the country including the rural areas targeting to make this little island as the next Singapore.
The Blue Ocean Group of Companies has today grown into a formidable leader and trendsetter several industries including real estate, construction, engineering, trading, education and corporate consultancy. Our dynamism is seen in the global networks and projects we have spawned and the expansion we fuel in Europe, Asia Pacific, the Middle East and Asia, especially the UAE, UK, USA, Canada and Australia.
It has become a historic event for Sri Lanka to be included for the first time in Asia's most renowned property awards programme“Property Guru Asia Property Awards 2017” and Blue Ocean Group emerged the winner of coveted the Best Developer in Sri Lanka award together with other awards for Interior Design, Condo Architecture Design and Sustainable Development as well.It is not only a honour for the Group but also a distinguished recognition for the country in the international arena.
The Group engages in various construction and real-estate activities whereas construction and engineering,ready mix concrete manufacture, carpentry andaluminum fabrication, importation of building materials, home appliances and other heavy equipments, architectural and engineering consultation, facilities managementare some of the sectors the Group holds under its wing.
Blue Ocean Group, commanded by its visionary chairman Thumilan is poised to create a major construction revolution. The group's construction arm, Link Engineering is one of the pioneering construction companies with a history of over four decades. With Link Engineering being awarded projects valuating to twenty billion rupees in the last six months, Blue Ocean Group has already cemented a sound financial plan for the next two years.
Earning Blue Ocean Group, the due reputation as Sri Lanka's largest property developer, Link Engineering is currently involved in over 30 condominium projects for the Blue Ocean Group and over 32 construction projects for the government in Jaffna, Kilinochchi ,Polonnaruwa,Trincomalee, Batticaloa, Kandy, Nuwara-Eilya, Matara, Ratnapura, and Colombo districts.
Construction companies should be innovative to meet the high demand of their clients and customers and to provide affordable building solutions for them. Link Engineering has understood this need very well. With every project they complete, they show their capability to meet the demand to satisfy everyone concerned. Link Engineering provides the industry with all its requirements supported by the Blue Ocean Group of Companies. They maintain the highest standards of the construction industry by delivering affordable quality products following modern architectural themes.
The group undertakes any monumental tasks in the field and completes them on time thereby proving their highly-acclaimed integrity and business ethics with their deeds more than with their words.
Understanding its core strength, the Blue Ocean Group, the market leader in the Sri Lankan condominium market, acquired the Link Engineering a few years ago. Today the company designs and constructs all the skyscrapers that the Blue Ocean Group undertake. Aligned with the Group’s hierarchy with their high quality portfolios, the Link Engineering now continues in the path towards sustainable profitability and creates new business opportunities for the Group and their customers around the world.
According to an extensive survey, the ratio of condominium units to the population is well below the global average as Sri Lanka’s urbanization rate is grossly lower than the global average and even than those of its peers. As per 2016 World Bank report, Sri-Lanka’s urbanisation rate stands at 18% against the global urbanization rate of 50%.
‘These facts indicate there is still a lot of room for growth and the market appears to be sound and prospective with no impending issues. This is attested by the fact that we at Blue Ocean have, in the last 3 months alone, closed deals worth in excess of eight billion rupees and expect many more deals to be closed within the next 6 months. We’re a 100% Sri Lankan owned company and the land on which our developments are built are all purchased by us outright, prior to commencement of the development, thus allowing us to ensure the highest quality of our end product.’
The Group’s consistent year on year improvement in financial results is a signal of the financial sustainability of its business model. To ensure the sustainability of the social and environmental aspects associated with our business, we continue to embrace best practices for social and environmental management. From a social perspective, our infrastructure projects across the country have a significant bearing on the communities in the area and improved the standard of living of our stakeholders. Our work to empower these communities has no doubt in Blue Ocean Group being an exemplary corporate citizen in Sri Lanka.