Sri Lankan government to relook at attracting investors for Galle Harbour Yacht Marina - Opportunity Sri Lanka
Sri Lankan government to relook at attracting investors for Galle Harbour Yacht Marina

Sri Lankan government to relook at attracting investors for Galle Harbour Yacht Marina

Sri Lanka’s State Minister for Prot Development, Kanaka Herath has stated that the government of Sri Lanka will relook at attracting investors for the proposed Galle Harbour Yacht Marina which was stalled for the past five years.
The State Minister has made this observation following a visit to the Galle Harbour.
According to local media reports, a Saudi Arabian investor, Hadi Al Hammam has stepped in to the proposed development of Galle Marina through its Sri Lankan based company three years ago but the project had not taken off.
Since one of the biggest issues hampering the development of Galle Harbour is a lack of a breakwater, the Sri Lankan government has now expressed willingness to construct one.
Accordingly, the outer port area is to also be refurbished to make it more tourism friendly and a Yacht Marina Zone will also be established soon in the Port of Galle to promote tourism.
Since the Galle Harbour area is recognized as a UNESCO World heritage site all development would be done safeguarding the cultural interests.
Local media reports further state that the government is now looking at new investors for the development of the Galle Harbour which would be mainly for tourism as it can feed in to the southern tourism belt.

OSL take:

The government of Sri Lanka is engaged in an ongoing development programme that covers all parts of the country. The tourism industry has become the fastest growing economic sector in the country with many foreign investments flowing in to it. Tourist arrivals to the country are on a continuous growth path and Sri Lanka continues to be listed as a must visit destination by globally renowned travel publications. Foreign businesses/investors could therefore confidently explore business opportunities in Sri Lanka’s tourism industry, especially like the development of the Galle yacht marina.

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Article Code : VBS/AT/20200121/Z_4

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