Sri Lanka’s first internationally developed and managed mixed-use project opened by Shangri-La Group
The Shangri-La Group last week ceremoniously opened Sri Lanka’s first internationally developed and managed mixed-use project, the One Galle Face Mall, which is a US$ 608 million and also the Group’s biggest venture in South Asia.
The seven-storey mall, which is home to over 200 tenants and international and local brands, was declared open by Sri Lanka’s President Maithripala Sirisena and Shangri-La Group CEO Lim Beng Chee last Friday (8).
According to local media reports, One Galle Face is the Shangri-La Group’s largest venture in the region to date, and bears testament to Shangri-La Group’s confidence in Sri Lanka’s potential.
Shangri-La Group CEO Lim Beng Chee has reportedly said at the opening that they are committed to working long-term with Sri Lanka, and are keen on being a part of the country’s transformative journey.
“Shangri-La was one of the first international hotel groups to invest significantly in Sri Lanka’s tourism and commercial sectors, nine years ago. We are committed to a long-term relationship to boost the economy and play a part in Sri Lanka’s progress,” he has noted.
He has further said that as an integrated lifestyle destination, One Galle Face brings to life a unique all-encompassing live, work, play, and stay concept, never experienced before in Sri Lanka.
“We couldn’t be prouder to add a new landmark in Colombo’s city centre. This is integrated living at its best, and we are confident that the One Galle Face Mall and One Galle Face Tower will continue to set new standards in Colombo as well as across the country,” Chee has added.
The local media reported that the Mall has several new-to-market brands and concepts that are exclusive to the One Galle Face Mall, including Shangri-La’s proprietary Adventure Zone and Trainyard, in addition to some globally renowned brands, as well as Sri Lanka’s largest Cineplex, operated by PVR Cinemas, and Crystal Jade, a Michelin-Star restaurant from Singapore.
OSL take:
Sri Lanka continues to grow as a trade/business/tourist destination in the South Asian region. Sri Lanka’s geographical positioning in the Indian Ocean, the ease of doing business environment in the country and the many trade agreements as well as trade concessions enjoyed by the country have made it an ideal business destination in the South Asian region. The opening of Shangri-La’s One Galle Face with many international brands is indicative of the growing business potential in Sri Lanka. The government of Sri Lanka is also looking at setting up a Fantasy Island theme park in the country. All these are indicative of the expanding business/investment opportunities in Sri Lanka.
| Article Code : | VBS/AT/20191114/Z_2 |