Business

Spanish investor to build cabana resort in Yala

The Board of Investment of Sri Lanka (BOI) has 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 $ 1.6 million and it will consist of 43 luxury cabanas, the BOI announced.

Clavell and his partner Jagath Wickramage stated that initially 15 of these cabanas, which could be considered 4 star luxury, would be built.  All cabanas would have an individual swimming pool and a sea view.

The agreement was signed on its behalf by Anil Amarasuriya, Board Member and Acting Chairman and Dr. Nihal Samarappuli, Board Member and for the Company Narcis Clavell and Jagath Wickramage, Directors.

The investor also stated that the project was built taking into consideration all Eco- friendly and sustainability norms.

Clavell who is from Barcelona, Spain, also expressed very strong support and confidence in Sri Lanka.

“I would like to encourage all investors and any other visitor to the Island and tell them that Sri Lanka is indeed a wonderful opportunity for investors worldwide.    It is important that this positive message is sent out, so that the true potential of the country is well known to all.  I am therefore very confident that Sri Lanka with its open business culture and investor friendly agencies such as BOI, will do well.  The recent problems are in my view temporary and in the long term the country will emerge as an attractive hub for tourism and investment.”