It is reported that a land belonging to the Ceylon Electricity Board in Maussakale is to be leased to the United Arab Emirates under a long-term lease basis for a luxury hotel project. Sri Lanka Latest News
It is known that a small island related to it is also included in this lease agreement.
This land is to be leased to the Emirates Capital Investments L.L.C.company.
The President has submitted the relevant proposal to the Cabinet and it is said that the Cabinet has approved it.
The relevant hotel project is worth 25 million US dollars.
