Sri Lanka recently embarked on a novel project to manufacture and market luxury yachts as a new initiative under the country’s tourism drive. The foundation stone for the yacht factory was laid at a ceremony presided over by Minister of Fisheries and Aquatic Resources Development, Mahinda Amaraweera, MP Chathura Senaratne and other distinguished invitees.
The proposed luxury yacht manufacturing facility located at the Beruwala Fisheries Harbour is a joint-venture between the Building a Future Foundation (BAFF) and Solar Impulse (Pvt) Ltd.
“We have already invested four million dollars in the whole project including the boat building side, and we are planning to invest 26 million dollars in the next five years. We are looking for partners as I’m not doing this for myself,” the 71 year-old Pringiers explained.
BAFF was founded by one of Colombo’s leading business families, the Jinasenas, and Pierre Pringiers, the Honorary Consul for Belgium in Sri Lanka, as a long-term extension of the Solideal Loadstar Rehabilitation Trust (SLRT) which was created in response to the 2004 tsunami to rebuild the southern coast. It built houses for 15,000 beneficiaries with a total budget of 5 million Euros. They are also co-founders of Loadstar (Pvt) Ltd. (now Camso-Loadstar).