Sri Lanka will build South Asia’s first Disneyland in the proposed Bopitiya leisure Park which will be created by Korea Cavitation Co. a company with Investments from Malaysia and Korea. President of Korea Cavitation Co. Baekgeum Kim and the representative of Sri Lanka Dr. Parimala Rajo Isa Michael said that they are negotiating with the government to obtain a 150 acre land on a lease basis for this project.
“We hope to raise around USD 400 million to construct this project through international funding mainly from Korea and Malaysia and we had successes in obtaining around 30% from this prior to the COVID-19 pandemic. With the Sri Lankan improving of C-19 health management, decreasing number of patients and the vaccinating process happening we see bigger opportunities to attract more investors to this project even from other countries like India.
He said the proposed park will be similar to Genting Highlands in Malaysia and they also hope to have a special rail link to it. “In addition we will have several other leisure attractions attached to it.
When the C-19 pandemic settles we see demand especially from India and other neighboring countries since this will be the only Disneyland operating in the region.
In a bid to accommodate travelers we will also have a 300 room hotel which we will lease out to an international operator to manage.”
“Our company, based in Sri Lanka, is a firm that specializes in structuring Turn-Key projects and mega projects including a range of PPP models in emerging countries with focus on Asia Pacific. We will use the technical know-how and equipment from our well-established South Korean and Malaysian companies with the most cutting edge technologies for the park.”