Middle East-based Eram Group visits Port City

Thursday, 29 September 2022 02:30 - - {{hitsCtrl.values.hits}}

Eram Group, a business conglomerate with global operations in several sectors including oil and gas, power, construction, manufacturing, travel, healthcare, IT, media, logistics, automotive and training and education held discussions with the Colombo Port City Economic Commission Chairman and Senior Officials from Colombo Port City. Eram Group with over 40 companies has its global headquarters in AL Khobar (Saudi Arabia) and regional headquarters in Dubai (UAE) and has presence in 16 countries.

The discussion with Eram Group Chairman and Managing Director Dr. Siddeek Ahmed was to foster greater cooperation on promoting Port City Colombo for potential investors. Dr. Ahmed was listed as a top Indian business leader in the Middle East by Forbes in 2021 and a receipt of the 2021 Pravasi Bharatiya Samman Award, the highest honour conferred on overseas Indians.

This is part of the promotion strategy of Port City Colombo amongst the international business investors who seek free and open business enclaves in the region with multiple location advantages.

As the Asia Region continues to attract increased global capital inflows, expand its markets, simulate a growing high-income class and sustain the higher growth momentum, Port City Colombo offers beyond a geographical advantage, with fiscal and non-fiscal incentives for ease of doing business.

Colombo Port City endeavours to offer a “one-stop” service centre, with far-reaching tax and regulatory incentives, free trade facility, forex and banking ring-fencing, an open labour market and a very attractive living environment focused on green and smart living.

Dunstan Paul Rosario from the Office of His Highness Sheik Mohamed Bin Obaid Thani UAE, Sri Lanka Cricket Board Secretary Mohan de Silva were also present.

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