Friday, May 8, 2009

Northern shoreline will be of great attraction to investors

"We are fighting the last battles of a costly 30-year war against the world’s brutal terrorist organization, and it’s high time for the government to focus on the economic sector,” Deputy Minister of Tourism Faiszer Musthapha said today (08).


The Deputy Minister said that Sri Lanka was in talks with Middle Eastern investors to develop resorts in the country, and, especially, the northern shoreline will be of great attraction to investors it will be big boost for tourism after war ends.

“With peace dawning, there's a lot of interest in the investment side and early-stage negotiations with investors for hotel resort developments will be taken place soon,” Faiszer Musthapha said.

"The number of tourists from the Middle East will definitely increase as that region is least affected by the global economic meltdown," Musthapha said.

However, we don’t expect a major increase in revenues or in numbers from the other side of the world in these adverse global conditions. But we expect to clinch resort deals with Middle Eastern investors within the next six months, and the apparent near end to the 30-year-old conflict drove Colombo Stock Exchange to a record high on Wednesday, Faiszer Musthapha said.

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