Oman Based Milcris Records 400Mn Turnover Backed by Seven Seas Group. Aims to be the Preferred Cost Consultancy Service Provider in the Region

16th December 2009, www.thebottomline.lk

Milcris Pvt Ltd, headed by Sri Lankan CEO Millan de Silva, in a short period of time, has an annual turnover in excess of Rs 400 million, while its Sri Lankan staff [making up 95% of the Company’s total staff strength] remit over Rs 250 million annually to Sri Lanka.

Backed by the Seven Seas Group of Companies in Oman, a conglomerate which has interests in oil, real estate and shipping, Milcris has emerged to become a key player in the construction industry of Oman and its development. Milcris is also recognised by the Royal Institution of Chartered Surveyors.

CEO, Millan de Silva, addressing a media briefing in Colombo, said his company was ready to take on work in his homeland and was confident that with the return of peace and the opening up of the north and East under a firm and stable government, the time was ripe for Sri Lanka to take its place as a leading Asian economy.

“We aim to be the preferred Cost Consultancy service provider in the region and in the coming year hope to expand our services to Sharjah, Dubai, Abu Dhabi and Mumbai, as well as Sri Lanka. In fact in the coming year we hope to push our turnover up to Rs 750 million” said De Silva.

Milcris whose chairman is none other than His Highness Sayyid Shihab Bin Tariq Al Said, a high profile Royal family member, is currently handling the cost consultancy for the construction of two new airports in Muscat and Salalah valued at US $ 4.5 billion, each with a passenger load of 12 and 2 million respectively per annum.

“This is not the only project we are handling, though it is undoubtedly the biggest; we are also working on the new campus for the Dhofar University in Salalah valued at US $ 100 million, as well as a town development project which will be both residential and commercial in Salalah, valued at US $ 40 million”.

Image: L – R: Minol de Silva – Commercial Manager, Udhyani Jayasuriya – Quality Assurance and Training Manager of Milcris. At the podium is Millan de Silva – CEO and Managing Director