The first stage of Knowledge City Malabe (KCM) by Access Residencies and Foresight Engineering (Pvt.) Ltd was ceremonially declared open by the Minister of Education, Prof. G.L Peiris on April 10, 2021. KCM is set to be a city within a city, which offers everything a person needs in close proximity, with over 50% of the space dedicated for education and education related activities. The KCM master project is a Rs. 7 billion investment.
The first building is a 7 floor, 150,000 Sq. Ft facility initially housing up to 3200 students of the Horizon Campus – a non-state university recognised by the University Grants Commission (UGC) and the Ministry of Higher Education; as well as Spark Academy, which will occupy the 6th floor and develop top talent for the IT industry.
Speaking at the launch, Minister of Education, Prof. G. L. Peiris, who explained that the Ministry was currently in the process of engaging all stakeholders to upgrade curricula with relevance to social priorities, lauded the efforts of KCM towards the education for young Sri Lankans. “What KCM is doing, addresses all the relevant issues in higher education. The choice of disciplines at Horizon Campus is directly relevant to the needs of the Sri Lankan economy as it grows, “he said.
Adding, “You are enhancing the value and acceptance of qualifications conferred on students in two ways. One is the link with foreign universities, which ensures studies are not delivered in isolation but in partnership with the international tertiary education system. Secondly, the links that feed into and benefit from connections to the industrial sector, guaranteeing employability.”
An initiative by Foresight Engineering (Pvt.) Ltd in collaboration with Access Residencies, Knowledge City Malabe is in 28 acres of land surrounded by the luscious greenery of Malabe, on completion, which is estimated to take 6 years.
“Knowledge City Malabe gives certainty to the promise of an integrated city within a city with education as its core focus, creating an oasis of learning and living for our discerning residents. Two other buildings will also be completed within the campus premises extending world class education to over 10000 students with over 1000 student accommodation facilities. Parallel to this, our development in the residential and office complexes and retail and leisure sections are ongoing and promise to be the first of its kind in Sri Lanka”, stated Ayesh Fernando, Director, Knowledge City Malabe, commenting on the project. Foresight Engineering is the prime developer of Knowledge City Malabe.