The Board of Investments has signed agreements to 16 new projects within January and February this year.
The total value of these investment projects is nearly 110 million US dollars.
It is reported that these projects would create 1,250 new job opportunities.
The projects include five small scale hydro power generating plants that will be constructed in Ratnapura, Haldummulla, Matale, Hali Ela areas.
In addition to these agreements to build new hotels, housing projects and up the apparel industry are included.