Feb 20, Colombo: The government of Sri Lanka has allocated hundreds of acres of lands in the Hambantota District for local and foreign development projects.

Investment Promotion Minister Lakshman Yapa Abeywardena has said that 800 acres have been allocated for development purposes.

He has explained that the projects would be aimed at attracting foreign investments in industries ranging from car assembling plants to glass and sugar factories. The projects would be complimentary of the new Hambantota Port.

According to Abeywardena, 300 acres of land is to be allocated for the setting up of three foreign universities and a local university.

He has added that some foreign and local companies had already expressed willingness to invest in the projects and that lands had been identified for them.