South Africa-based Sun International is said to be preparing to invest 0 million in a resort project in Sri Lanka.
Reuters reports that the head of Sri Lanka’s state-run tourism board, Nalaka Godahewa, said Sun City, which is owned by Sun International, will make the investment in a 200-acre private property.
“That decision is finalized,” said Godahewa. “That is one of the biggest investments.”
The location of the project is Katana, a coastal town 15 kilometers north of Colombo that the government hopes will receive a total of $1.5 billion in resort development, including retail shopping and a convention center. There was no mention of casino gaming.
Reuters said Sun City had declined to comment on the project before the end of 2011. As of this writing, no word was available from either Sun City or Sun International.