Hayleys Advantis Limited, the logistics subsidiary of Hayleys, a Sri Lankan business conglomerate, has announced the opening of Hayleys Free Zone. Hayleys Free Zone is the company’s logistics facility located in Zone 1 of the Katunayake Export Processing Zone, Sri Lanka.
The first phase of construction is expected to offer 170,000 sq ft of warehousing for foreign and local companies to carry out entrepot trade. The second phase of the project will see the construction of another facility within the Katunayaka Export Processing Zone, which will offer an additional 200,000 sq ft of warehousing space by the first quarter of 2015.
In addition to warehousing space and duty concessions, Hayleys’ customers at the Free Zone will be offered value added logistics services. The facility will also offer access to air and sea ports in the Indian Ocean.
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