Saturday, 31 December 2011

SOUTH AFRICA’S SUN CITY TO INVEST $800M IN SRI LANKA TOURISM

South Africa’s Sun City resort will invest $800 million in a tourism project in Sri Lanka, the head of the island nation’s state-run Tourism Board said on Friday.

Sun City resort is run by South African gaming and hotels group Sun International Ltd.

It will be the largest ever investment in the country’s leisure sector, which is booming since the end of a 25-year war.

“Sun City of South Africa is now going to make an $800 million investment in a 200-acre private property,” Nalaka Godahewa, head of the Tourism Board told Reuters in an interview.

The investment will be made on Sri Lanka’s hotel city in Katana, a coastal town located 15 km north of Colombo, he said

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(Source: Ada Derana)

2 comments:

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  2. Tourism industry is really growing day by day.

    D. Adam
    Dubai Villas for Sale Expert

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