Despite the COVID-19 Pandemic and the downturn in tourism, the Sri Lanka Tourism sector attracted US$ 101.44 million investments for 33 projects in the last nine months.
Tourism Minister Prasanna Ranatunga said that even under the Covid-19 situation a US$ 101.44 million tourism related investment projects have been submitted for approval. Among them US$ 92.176 million worth 22 projects have received approval so far.
“This proves that the investment sentiment for Sri Lanka is still active as the country attracted millions of investments despite pandemic situation,” he said. These approved projects included cable car projects, floating restaurants, underwater art galleries, National religious and cultural heritage related projects and similar projects, the Minister further said. More attention has been focused on expanding new investment opportunities in the field of tourism, according to the Manifesto of President Gotabaya Rajapaksa, ‘Saubaghyaye Dekma.’, taking into consideration environmental concerns as well.
“The Sri Lanka Tourism Development Authority has established an Investment Relations Unit’ (IRU) to expedite investment in the tourism sector. We are now focusing on speedily granting approvals for projects taking into consideration the complexity of the procedure for approval of investments,” he added.
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