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City of Galle also to see reclamation of land from sea-by Sanath Nanayakkare In real estate development, this will be a ground-floor opportunity for investors, Sri Lanka government says Source:Island New tourist city designed to span on 40 hectares of reclaimed land An investment of US$175 million sought to complete it in three years The government of Sri Lanka last week invited investors across the world to come and invest in building an exclusive tourist port in the ancient city of Galle in the South of Sri Lanka, founded by Portuguese colonists in the 16th century and extensively fortified by the Dutch during the 17th century. “An investment of US$175 million is sought to establish the tourist city to attract more foreign cruise vessels to boost tourism. Return on investment (ROI) from the project is to be ensured with promising demand for marina infrastructure developments and real estate developments connected ...