PROJECT

Projects

Summary of Investment Information

Project Number

31894

Company Name

CEYSAND RESORTS LTD

Date SPI Disclosed

Jun 13, 2012

Country

Sri Lanka

Region

South Asia

Projected Board Date

Jul 18, 2012

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Nov 30, 2016

Department

Gbl Ind, Manufact, Agribus & Services

Industry

Tourism, Retail and Property

Previous Events

Approved : Oct 8, 2012
Signed : Oct 16, 2012
Invested : Feb 8, 2013

Sector

Retail (Including Supermarkets, Grocery Stores, etc.)

Project Description

Softlogic Holdings Plc (‘Softlogic’ or the ‘Company’), is a Sri Lankan conglomerate with existing operations across retail, information and communication technology, healthcare and financial services sectors. The proposed project by Softlogic involves an investment of up to US$67.7 million over the next three years to (a) expand its network of retail stores from about 124 to up to 280 as well as increase its geographical reach to smaller cities; and (b) to rebuild and expand an acquired hotel to a total of 166 keys (the ‘Project’). The Project will be implemented through subsidiaries of Softlogic.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation