Colombo to get US $ 4mn entertainment park

Melchers Group Managing Director Alexander Melchers formally receiveing the certificate of registration from BOI Chairman Mangala Yapa. CMC Engineering Export Chairman Michael Perera is also in the picture

State-run investment promotion agency, Board of Investment (BOI) yesterday said it had signed an investment agreement with a foreign firm to set up an entertainment park in the suburbs of Colombo.

BOI said Fantasy Island (Pvt) Ltd. will invest US $ 4 million to set up the entertainment park at Waters Edge, Battaramulla within 12 months.

“We believe in the local and international tourism industry of Sri Lanka,” said Alexander Melchers, Managing Director of the Melchers Group in South-East Asia and founding investor.
“I am very confident in 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 the investment companies,” he added.

Fantasy Island is eyeing to become Colombo’s premier family entertainment centre and will feature a 40-metre Ferris wheel, an indoor snow experience, and a big water play 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.  According to a BOI statement, 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,” said Michael Perera, Chairman of CMC Engineering Export, the Sri Lankan office of the Melchers Group.