He mentioned that the areas of Bingiriya and Iranavila have been selected for this purpose.

Investments of about 1.6 billion US dollars have already arrived, with an additional 1.6 billion dollars in investments underway.

The government is planning to sell 28 project land plots to investors, including 74 plots for business purposes and 44 for public use.

Furthermore, activities to establish a Japan-Sri Lanka Free Trade Zone in the Bingiriya and Iranavila areas are in progress, supported by the Japanese-Sri Lankan business council and Japanese entrepreneurs interested in creating free trade zones in Sri Lanka.