Blue Ocean Archives

Blue Ocean & Link Engineering continue to ascend with a strong focus on growth and diversification The Construction & Real Estate sector at present The construction industry has always been a key player and contributor to the GDP of the nation with nearly 7.1/% in growth. Over a million workers are employed in the construction sector at present. The skies haven’t always been rosy. Dealing with the many hurdles that the war in Ukraine & subsequent fuel, energy and material crisis has thrown at the global economy, the construction and real estate sector too has undergone stifling challenges that have caused many smaller players to drop out of the game. Many others have developed a high risk“hit and run” approach with their projects due to the scarcity of resources which poses a significant threat to the safety and the wellbeing of their customers and the public in general. But a ...

Blue Ocean Group Stands Tall During Challenging Times Construction industry Sri Lanka’s construction industry contributes to about 7.1% of the Gross Domestic Product (GDP) of the country and employs more than 650,000 workers. Despite the economic slowdown faced globally across all industries and the resultant optimism dent within the real estate and construction sector, the Colombo District Land Valuation Indicator (LVI) reported an overall 6.8% growth rate in the first half of 2021. Post-pandemic situation & subsequent economic crisis After dealing with the many hurdles that the pandemic had thrown, the Sri Lankan economy moved into a state of an unprecedented economic crisis in late 2021. As a result, the construction and real estate sectors have undergone various challenges that had caused many smaller players to drop out of the market. Many others have developed a high-risk “hit and run” approach with their projects due to the scarcity of resources ...