MALDIVIAN INVESTMENT Upul Jayasuriya, Chairman of the Board of Investment signed the investment agreement for the investment with Muslima Abdul Gayoom, Director of Alpha Kinam Holdings Lanka (Pvt) Ltd.
Sri Lanka’s Board of Investment (BOI) has approved a three million US dollar investment by Alpha Kinam Holdings Lanka (Pvt) Ltd. to set up a hotel in Matale, in the island’s central hills.
The Nichila Oya Resort and Spa hotel complex will be built on a 15.3 acres land in Matale and is expected to be completed within two years, a BOI statement said.
The hotel will have 13 luxury suites and 26 chalets and include private swimming pools.
The Maldivian investment project will be managed by Mohamed Manik, an entrepreneur with almost 20 years of experience in the tourism and hospitality industry in the Maldives and Sri Lanka, the BOI said.
