Lord Swire visits Port City Colombo

Wednesday, 26 February 2025 00:12 - - {{hitsCtrl.values.hits}}

Port City Colombo, Sri Lanka’s first multi-service Special Economic Zone, recently hosted Commonwealth Enterprise and Investment Council (CWEIC) Deputy Chairman Lord Swire, to an exclusive session on the project’s attractive investment opportunities and economic potential within the South Asian regional sphere.

He was accompanied by CWEIC officials including CWEIC Country Chair – Sri Lanka, and The Capital Maharaja Organisation Group Director Niro Cooke, Board Member Pamela O’Leary, and Country Director Deshan Gonawela. The delegation was welcomed by Colombo Port City Economic Commission Director General Revan Wickramasuriya, and CHEC Port City Colombo Ltd. Deputy Managing Director Thulci Aluwihare.

The visit encompassed a detailed presentation at the Port City Colombo Sales Gallery, where the delegation was briefed on the project progress and future projections as a competitive investment hotspot in the South Asia region. Port City Colombo’s key appeal to top investor markets including the Middle East and the Asia-Pacific, progressive regulatory environment that promotes the ease of doing business, and diverse options for investors, were the focal point of the presentation. The CWEIC delegation was also provided an experiential tour of the Mall at Port City Colombo, South Asia’s pioneering downtown duty-free retail offering, which is already contributing towards Colombo’s evolution as a hub for tourism and business.

“Sri Lanka needs to show that it is open for Foreign Direct Investment,” said CWEIC Deputy Chairman Lord Swire. ‘There are diverse opportunities, not just in the tea and tourism industry, but also within the scope of Port City Colombo’s Special Economic Zone, which is a truly exciting and ambitious initiative. The Commonwealth showcases some of the most diverse and fastest growing economies in the world, with prospective investors who will be interested in exploring the intriguing opportunities that Port City Colombo and Sri Lanka as a whole are bound to offer.’

CWEIC Country Chair – Sri Lanka, and The Capital Maharaja Organisation Group Director Niro Cooke further elaborated, “Sri Lanka has long been a sought-after tourism destination. However, we believe that Sri Lanka has the opportunity to evolve into a competitive diversified service-based economy, which could reinvent our nation into a truly formidable regional business hub. With FDI contributors such as Port City Colombo, a strengthened economic outlook, and strategic locality, Sri Lanka now has the right ingredients to become a progressive investment destination.”

As a CWEIC Strategic Partner, Port City Colombo has been actively involved in fostering investor relations across the Commonwealth. Port City Colombo recently participated in the Commonwealth Business Forum 2024 held in Apia, Samoa, where the project’s contribution towards sustainable economic growth and regional skilled mobility within South Asia was accentuated.

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