Wednesday , June 19 2019
Breaking News
Home / International Customs / Sri Lanka / Sri Lanka BoI sign USD1.6Mn Yala hotel deal with Spanish firm
Sri Lanka BoI sign USD1.6Mn Yala hotel deal with Spanish firm

Sri Lanka BoI sign USD1.6Mn Yala hotel deal with Spanish firm

The Board of Investment of Sri Lanka signed an Agreement with Putus Brother’s Sustainable Developments (Private) Limited to build, construct and operate a 15 cabana hotel project in Palatupana, Yala.

The total value of the project is US 1.6 million dollars.

The project will consist of 43 luxury cabanas in Yala and initially, 15 cabanas will be built with 4-star luxury.

All cabanas would have an individual swimming pool and also a sea view.

The investor also stated that the project will be built taking into consideration all eco- friendly and sustainability norms.

The investors also expressed very strong support and confidence in Sri Lanka.

The agreement was signed on behalf of the BoI by Anil Amarasuriya, board member and acting chairman and Nihal Samarappuli, board member and for the company by directors Narcis Clavell and Jagath Wickramage.