Sim Leisure Group Ltd, a leading theme park developer and operator based in Penang, Malaysia, has entered into a non-binding memorandum of understanding (MoU) with Sri Lanka’s Elpitiya Plantations PLC, to set up its world-class ESCAPE theme park in Galle.
Having been granted preliminary approval to commence construction and barring unforeseen circumstances, the Group aims to commence construction of ESCAPE Sri Lanka in March 2020. Both parties also expect the signing of the definitive agreement in relation to ESCAPE Sri Lanka later this month, which includes the entry of a strategic joint venture partnership whereby Sim Leisure and Elpitiya (or its nominee) are the proposed joint venture partners of Venture Valley. The Company will make the necessary announcements in due course.









