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Director Alpha Kinam Holdings Lanka (Pvt) Ltd Ms Muslima Abdul Gayoom formally receives the BOI Certificate of Registration from Chairman BOI Upul Jayasuriya

The Board of Investment of Sri Lanka granted approval to Alpha Kinam Holdings Lanka (Pvt) Ltd to set up a hotel project of 13 eco type luxury suites and 26 chalets in Matale. The project represents an investment of US$ three million.

Nichila Oya Resort and Spa hotel complex will be built on a 15.3 acres land in Matale and expected to complete the project within a two years period. This Maldivian investment will be managed by Mohamed Manik, a dynamic entrepreneur with almost 20 years of experience in the tourism and hospitality industry in the Maldives and Sri Lanka.

“This hotel will have everything including private swimming pools to take tourists away from the hustle and bustle of city life yet retaining all the modern comforts. In addition to catering for the existing markets it is expected to tap new markets, especially Europe,” a statement from BOI said.

The statement noted that the location and the surrounding of the hotel are best suited for an all-in-one tourism package.  “A few tall trees in the hotel site are being preserved and it is expected to put up a traditional “watch hut” on one of the trees. The land surrounding the project will be developed into a birds’ sanctuary. This hotel will be operated in a fully environmental friendly manner,” the statement added.