Sri Lanka looking at high construction costs discouraging investors : BOI Chief

ECONOMYNEXT – Investors who want to build hotels in Sri Lanka are discouraged by high construction costs as well as energy prices, which is reducing yields, Board of Investment Chairman Arjuna Herath said. “One of the problems that the investors are facing at this moment on, on the hospitality side, is the yields,” Herath said. “The investments may not be very lucrative, given that the cost of construction is high. Energy cost is high and that is a limiting factor. “Despite that, there are fair amounts of investments that are flowing into the hospitality sector.” Sri Lanka has very high…

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