Investing in Sri Lanka during times of economic turmoil is not for the faint-hearted. However, a select group of visionary investors have repeatedly placed their trust in the country, drawn by their deep-rooted connection and belief in its potential, says senior director of several local companies Dinesh Weerakkody..
These individuals and corporations have remained steadfast in their commitments, despite political instability and financial crises. Their investments have played a pivotal role in stabilizing industries, generating employment, and reinforcing Sri Lanka’s position as an attractive investment destination, he added. .
Investors Who Made a DifferenceSri Lanka’s development has been significantly influenced by both large multinational corporations and individual investors willing to take calculated risks. These contributions, though sometimes overlooked, have been instrumental in boosting key sectors, including tourism, manufacturing, infrastructure, and technology.One of the most notable investors is the Kuok family, whose Shangri-La hotel chain has elevated Sri Lanka’s luxury tourism industry.
Their properties in Colombo and Hambantota have demonstrated long-term confidence in the country’s tourism sector, even with setbacks like the Easter Sunday attacks and the economic crisis, he highlighted.Nepalese billionaire Binod Chaudhary, through CG Corp Global, has been another strong proponent of investment in Sri Lanka. His holdings in Jetwing Hotels and Union Ba.