Sri Lanka mall planned by Singapore retailer

Dec 13, 2011 (LBO) - Singapore-based retailer Mohamed Mustafa will build a 115 million dollar mall and mixed development in Sri Lanka's capital Colombo, the island's ministry of economic development said.
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The mall will be built in the Colombo 15, postal area in Sir Ramanathan Mawatha, a ministry statement said.
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An agreement was signed with Sri Lanka's investment promotion agency, the Board of Investment in a ceremony attended by economic development minister Basil Rajapaksa.

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The mixed development will have a department store, a 975 roomed hotel and 400 serviced apartments and a 1,000 vehicle car park.

Earlier reports said Mustapha had bought land from Sri Lanka's The Finance Company for the project.

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