FOREIGN INVESTORS AND FIRMS THAT STOOD WITH SL THROUGH THICK AND THIN

Having served in a role focused on attracting investment into Sri Lanka during one of its most challenging periods, what stood out to me was the commitment of a few remarkable investors those willing to risk their capital for long-term returns, largely because of their deep connection and love for the country.

- By Dinesh Weerakkody

Their contributions often go unnoticed. Many of them came to Sri Lanka in a small way, fell in love with the country, and over time decided to invest more of their wealth, even when times were tough.

Sri Lanka's economic landscape has been shaped not only by large multinational corporations and foreign governments but also by individual investors who have demonstrated unwavering confidence in the country's potential. Despite economic downturns, political instability, and financial crises, these investors have continued to support Sri Lanka's development, often taking calculated risks to invest in key sectors. Their efforts have been critical to stabilising industries, creating much-needed employment, and positioning Sri Lanka as a viable and attractive investment destination.

Notable Investors/Firms

The Kuok family, through their renowned Shangri-La luxury hotel chain, has played a pivotal role in developing Sri Lanka's high-end tourism sector. Their investments in Shangri-La Colombo and Shangri-La Hambantota were significant votes of confidence in Sri Lanka's tourism potential. Even in the face of severe setbacks like the Easter Sunday attacks and the economic crisis, these investments remained intact, helping to revive tourism and create employment opportunities.

Nepalese billionaire Binod Chaudhary, founder of CG Corp Global, has been a steadfast investor in Sri Lanka. Through CG Hospitality, Chaudhary has made substantial investments in the hotel industry, including stakes in Jetwing Hotels and other prominent resorts.