Port City Colombo woos interests from Thailand, Iran

Saturday, 21 January 2023 00:19 - - {{hitsCtrl.values.hits}}

Port City Colombo (PCC) recently welcomed a delegation of senior representatives from the Thai-Sri Lanka Chamber of Commerce, the Sri Lanka-Thailand Business Council and the Embassy of Iran.

The objective of the visit was to explore potential opportunities for foreign direct investment within the project. Delegation was led by Thai-Sri Lanka Chamber of Commerce President Akram Saroof and Sri Lanka-Thailand Business Council former President Rizan Nazeer and Embassy of Iran Economic and Consular Section Chief K. Soheil.

The delegations were received by the senior management team of CHEC Port City Colombo Ltd., led by Deputy Managing Director Thulci Aluwihare, Regional Head of Investment Promotion (Asia-Pacific) Dr. Sarayut Lekplipol, Executive Director – Investment Promotion and Marketing Shalaka Wijeyaratne and Investment Promotion and Marketing Director Radika Obeyesekere.

During the visit, the delegations received a comprehensive tour of the development and were provided with an overview of the project’s future plans, PCC is Sri Lanka’s largest mixed development project spanning 269 hectares of reclaimed land in the heart of Colombo and is intended to be a new economic hub for the country, providing globally attractive commercial and residential opportunities. The project is expected to bring significant benefits to Sri Lanka, including job creation and an increase in foreign direct investment and foreign currency capital flows.

“We’re delighted to have had the opportunity to host these important delegations and showcase the potential of Port City Colombo,” said CHEC Port City’s Aluwihare. “The interest in our project, and in Sri Lanka as a result, is growing globally, and we are confident that Port City Colombo Special Economic Zone will emerge as a major economic and financial hub in the region. Additionally, we anticipate the PCC Duty-Free Shopping Complex to open on schedule by April 2023, which will be a significant milestone for us.”

PCC is Sri Lanka’s largest Foreign Direct Investment (FDI) funded development amounting to a total investment of $ 15 billion on completion. Positioned as world-class city which will be a gateway to South Asia, PCC will hold a Duty-Free Shopping Complex, the first of its kind in South Asia, anticipated to be a popular destination for shopping and tourism, set to open in in the second-half of 2023.