The Finance Ministry issuing a statement said that this was revealed during a meeting Finance Minister Ravi Karunanayake held with Shangri La Vice Chairman Madhu Rao at the Finance Ministry, recently.  During the discussions  the progress on ongoing construction activities of the two hotels of the Shangri La in the country had been discussed.  

Shangri La is building two luxury hotels – one in Colombo’s Galle Face promenade and another in Hambantota, which is scheduled to open June this year.  The hotel in Colombo is expected to open  for business in the second quarter of 2017.

During the discussion, Finance Minister Ravi Karunanayake has expressed the government's full support for foreign investments and that there is a conducive environment for investments.