Singapore retailer plans mall in Sri Lanka

17 December 2011: Singapore-based retailer Mohamed Mustafa will build a 115 million dollar mall and mixed development in Sri Lanka's capital Colombo. 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.

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.

Source: Lankabusinessonline