Sri Lankan government says US$ 523 million foreign investments drawn by the tourism industry

The Sri Lankan government has said that foreign companies would invest an estimated US$ 523 million in the country's tourism industry.
Deputy Economic Development Minister Lakshman Yapa Abeywardena has informed the parliament that the foreign investments in the industry include US$ 390 million invested by the Shangri La Group of Hong Kong.


According to the Minister, another company based in Hong Kong is to invest US$ 50 million in a hotel project in Katunayake, while three Indian companies are to invest separately in Katunayake, Ratmalana, and Kalpitiya.

Two more companies from Singapore and Maldives are to invest in the tourism industry in the Ahungalle in the South and Pasikuda in the East.

Abeywardena has also said that areas such as Vakarai in the Eastern Province, Silavaturai in Mannar and several other areas in the North and East have been identified as tourism zones.