A major entertainment park with a Ferris Wheel is to begin construction and be ready by next year.
Fantasy Island (Private) Limited announced today that a BOI agreement has been signed for the project and the park is expected to open for the public within one year.
Alexander Melchers, Managing Director of the Melchers Group in South-East Asia and founding investor said that he was confident about the business outlook in Sri Lanka.
“We represent German, Singaporean, and Swiss investors who believe in the long term potential of Sri Lanka. We are very impressed with the support of the BOI in the process to set up investment companies,” he said.
Fantasy Island will become Colombo’s premier family entertainment center located at Waters Edge in Battaramulla.
Representing the elements of air, sea, and land, the attraction park will feature a 40m Ferris Wheel, an indoor snow experience, and a big waterplay-area including waterslides.
With brand new equipment exclusively from European suppliers, the park will provide plenty of fun and educational activities while ensuring highest quality and safety standards.
The Melchers Group, active in Sri Lanka for over 35 years, combines local expertise with international entertainment experience for development and operations.
“In phase 1, the investment of more than US$4 million will bring inclusive attractions for the entire family which are truly unique to Sri Lanka. Fantasy Island will create over 60 employment and career development opportunities for the community,” Michael Perera, Chairman of CMC Engineering Export, the Sri Lankan office of the Melchers Group said.
He said that Sri Lanka has made great progress to build hotels and infrastructure and Fantasy Island is the beginning of the next development phase of the tourism industry.
“We will provide a purpose-built, state-of-the-art family entertainment attraction to cater to international and local tourists and residents,” he said.
The project developer and operator expects to carry out ground breaking within two to three months and the total development time is expected to be around 12 months.