James Packer says Australian investment in Sri Lanka could boost its status as a global tourism hub. Source: AAP
BILLIONAIRE James Packer says Australian investment in Sri Lanka could boost its status as a global tourism hub.
Mr Packer was in Colombo on Wednesday to lobby the Sri Lankan government over his plans for a five-star resort and to address the Commonwealth Business Forum.
The forum is being held in the lead-up to the Commonwealth Heads of Government Meeting (CHOGM), which Prime Minister Tony Abbott will attend on Friday.
Crown announced in mid-October it was in "detailed discussions" with the Sri Lankan government and potential partners regarding a $US450 million ($A481 million) five-star resort and casino.
The 450-room Crown Sri Lanka would be on Beira Lake in the Colombo resort district.
Mr Packer told the business forum that the previous CHOGM host, Perth, had built "targeted tourism infrastructure to lure global travellers".
"I am very happy to say, when I visit Colombo and Sri Lanka, I feel that same sense of momentum, optimism and positive energy," Mr Packer said.
Noting Sri Lanka's past decades of internal strife, Mr Packer said greater economic development would bring with it "human development" such as shelter, food and education.
Making his fifth visit to Colombo in two years, Mr Packer said the growing middle class in India and China were seeking luxury tourism.
Projects such as Crown Sri Lanka could turn the country "into a leading tourist mecca".
One recent tourism study found 80 per cent of Chinese travelling outside the country for the first time headed for a casino, Mr Packer said.
The Sri Lankan parliament and board of investment is considering whether to grant investment approvals and tax concessions for the project, which is subject to final agreement between joint venture parties.
The resort could employ up to 2500 Sri Lankans and provide hospitality training.
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