A total of 4 existing hotels projects were built in the Northern Province as BOI projects. They are the Tilko Jaffna City Hotel, the Yarl Hotels (Jetwing) Pvt Ltd. The Thempa Tourist Hotel (Pvt) Ltd. The interest in tourism to the Northern Province, particularly to the Jaffna Peninsula has spurred the construction of hotels in the province in recent years.Another project that is to be developed in the Mannar district will be involved in Aquaculture and most specifically the breeding of prawns. This project is a collaboration between Sri Lankan and New Zealand business interests.
In the area of power generation there are two new projects engaged in wind power, namely Juli power and Beta Power and one of them in the area of Solar power namely Wydexa Power. There are in addition two more Windpower project to be implemented which will be located in the Jaffna Peninsula.Another company Shakthi Agro Industries, a joint US-Sri Lanka investment is to manufacture coco peat for the export market. This project will be located in the Pallai area of the Jaffna Peninsula. This project is awaiting commercial operation.
There is also New Silk Road Aquaculture, which is a Chinese investment of a total value of Rs. 425 million that will engage in the Aquaculture sector. Several projects that are awaiting approval include Build Cement (Pvt) Ltd which will be manufacturing partition sheets out of cement and fiber, whose owners are based in Jaffna. This is a subsidiary of Mascon Sri Lanka Company and the value of investment will be US$ 22 Mn.
AMP Ceylon Ltd is manufacturing ornamental items using local natural material for export purpose. There is also another project in Jaffna to construct a Hotel named called Arn Mannai (King's Palace) in the Jaffna Peninsula. Furthermore a new hospital project in Vavuniya has been approved and is to be built shortly.Hence there are many opportunities that have been created in the Northern Province and these have contributed significantly in improving the economy as well as social integration o