A recent investment agreement with Wakana JPN (Pvt) Ltd was signed by the Sri Lankan Investment Board. Mangala Yapa, President BOI and Hiroyuki Ota, Director and T, signed the Agreement on behalf of the BOI. Director, G. Sunil Wickrama.
The arrangement emphasizes that the tourism sector in Sri Lanka is well placed to regenerate and thrive, as the nation has just received the title of “The Best Traveling Site” twice from Lonely Planet’s leading publication of the tourism industry.
Despite the Easter assaults, this recognition occurred. Tourism is the country’s third-largest owner of foreign trade. The Japanese investor’s expansion of its activities in the nation marks a significant milestone.
The new 21-room boutique hotel in Ahungalla is being built and managed by Wakana JPN (Pvt) Ltd., which has an investment of 8,4 million USD. The new hotel to be built serves the hospitality sector in Sri Lanka but is built in a Japanese style by renowned artist Kengo Kuma. From the design of the building and the furniture, interior design and kitchen, all aspects of the new boutique hotel are to be optimized in accordance with Sri Lankan and Japanese traditions.
The bridge between the two cultures will serve. Japanese Foreign Direct Investment will assist create and provide jobs for the local population and bring in more diverse global clients. This will encourage the growth of both physical capital and human capital, which will increase the importance of the hospitality sector in Sri Lanka and of the economy in particular.
The group now owns and runs two other hotels: Bansei’s Coral Rock and Hikkaduwa PLC, and Bentota Villa’s Club (Pvt) Ltd.). Currently, the group owns and runs two other hotels. The Group Foundation has a lengthy history of investments in financial securities and tools of the Sri Lankan Government.