Sri Lanka tourist industry draws Russian interest

Dilshan Wirasekara, Chief Executive Officer of First Capital Treasuries PLC

Feb 11, 2010 (LBO) – Russian investors are keen to invest in Sri Lanka’s tourism industry, which is recovering after the end of a 30-year war, a senior official said. Export Development and International Trade Minister Gamini Peiris said Sri Lanka gets a large number of Russian tourists and that Russian companies were keen to develop the industry in the island.

The Russian investment figured in talks between Sri Lankan president Mahinda Rajapaksa’s and his Russian counter part Dmitry Medvedev during a recent visit to Moscow, Peiris said.

Russia itself has a well-developed tourism industry especially near the Caspian Sea and Black Sea regions.

So we want to get Russian investment in hotel development. This figured in talks between the two sides and the Russian president was keen, Peiris told a news conference.

Tourist arrivals in the island have rebounded with the end of the ethnic war last May and hotels are reporting full occupancy after many years.