Sri Lanka signs agreement to boost tourism

Published on : Saturday, July 20, 2019

Sri Lanka’s state-owned Board of Investment (BOI) announced that it has signed an agreement with foreign investors to construct an entertainment park in Colombo that will help in further boosting the islands tourism.

 

 

The project will be carried out by the Melchers Group to construct the Fantasy Island which will require an investment of 4 million US dollars.

 

 

Alexander Melchers, managing director of the Melchers Group in South-East Asia and founding investor of the entertainment park said that Sri Lanka has made great progress to build hotels and infrastructure. Now, the Fantasy Island is the beginning of the next development phase of the tourism industry.

 

 

They will provide a purpose-built, state-of-the-art family entertainment attraction to cater for international and local tourists and residents. He felt confident in the business outlook in Sri Lanka. They  represent German, Singaporean, and Swiss investors who believe in the long term potential of Sri Lanka.

 

 

There will be a 40-meter Ferris wheel in the Fantasy Land, an indoor snow experience along with a waterplay area that will have waterslides.

 

 

The country’s three-decade civil conflict ended in 2008 and it made huge recovery after that.Since then tourism has been  one of the largest foreign exchange earners in the island country.

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