Fantasy Island Entertainment Complex – Sri Lanka’s investment promotion agency said it has signed an agreement with foreign investors to build an entertainment complex in suburb of the capital Colombo that will add to its tourist attractions.

The Board of Investment (BOI) Fantasy Island (Private) Limited will invest four million US dollars in the entertainment park at Waters Edge to be opened in 12 months.

“Sri Lanka has made great progress to build hotels and infrastructure. Now, Fantasy Island is the beginning of the next development phase of the tourism industry,” said Alexander Melchers, Managing Director of the Melchers Group in South-East Asia and founding investor.

“We will provide a purpose-built family entertainment attraction to cater for international and local tourists and residents.

”I am very confident in the business outlook in Sri Lanka. We represent German, Singaporean, and Swiss investors who believe in the long term potential of Sri Lanka.”

Fantasy Island will have a 40 metre Ferris wheel, an indoor snow experience, and a big waterplay-area including waterslides with equipment from European suppliers. It will employ over 60 people.

The Melchers Group, active in Sri Lanka for over 35 years, combines local expertise with international entertainment experience for development and operations, a BOI statement said.

Hospitality Insider Issue 4