COLOMBO : A delegation of investors from the United Arab Emirates, led by His Royal Highness Sheikh Mohammed Bin Maktoum Bin Juma Al Maktoum, visited Port City Colombo in January, during a special visit to Sri Lanka for the purpose. Discussions were held between the members of the delegation, representatives from the Colombo Port City Economic Commission (Commission) and Port City Colombo (PCC) with a view to attracting foreign direct investments to the project.
The delegation was given a comprehensive overview of Port City Colombo’s development and plans for the future which the delegation commended, followed by a tour of PCC Marina. Port City Colombo is a large-scale development project covering an area of 269 hectares of reclaimed land. It aims to serve as a new economic hub for the country, offering a range of commercial and residential opportunities. The project is expected to bring significant economic benefits to Sri Lanka, including job creation and increased foreign investment.
Expressing his views on the visit and the progress of discussions, Thulci Aluwihare, Deputy Managing Director of CHEC Port City Colombo (Private) Limited said, “We’re very pleased to have had the opportunity to host this delegation, led by His Royal Highness, and showcase the potential of the Port City Colombo development project. This visit is a clear indication of the growing interest in what we have to offer, and we look forward to welcoming more investors and partners in the future. We are also anticipating the PCC Duty-Free Shopping Complex to open on schedule by April 2023.”
The UAE delegation also included Mr. Luke Sellwood – Advisor to His Highness Sheikh Mohammed Bin Maktoum Bin Juma Al Maktoum, Mr. Ivan Shkarba – Partner and investor in efiscal. Mr. Ivan also invests with His Highness in other business opportunities. Ms. Jekaterina Kamilov – Personal Assistant to Ivan Shkarba, Damir Makhmutov – Vice President International Expansion at efiscal, Rahmy Morcos – Director of Ska Group, Mustafa Usman Aripandhra – Business Development Manager of His Highness, and Dr. Siddeek Ahamed – Chairman and Managing Director, Eram Group – UAE and Saudi Arabia.
The UAE delegation was received, on behalf of the Commission, Revan Wickramasuriya – Director Financial Services and Compliance, Ms. Vindhya Weerasekera – Director Legal and Corporate Affairs, Mr. Dimantha Kinigama – Director Commercial and Operations and Ms. Dhanya Gunawardana – Head of Branding & Communications, and on behalf of CHEC Port City Colombo (Private) Limited, by Mr. Thulci Aluwihare – Deputy Managing Director, Eric Ou – Assistant Managing Director, Dr. Joe Lekplipol – Regional Head of Investment Promotion (Indochina Peninsula), Ms. Radika Obeyesekere – Director Investment Promotion & Marketing, Shalaka Wijeyaratne, Executive Director – Investment Promotion and Marketing, Mr. Nisal Karunapala – Manager – Strategy & Transaction Services and Shane Amadoru – Regional Manager Investment Promotion & Marketing (Middle East).
Port City Colombo is a world-class city development built as an international service-oriented Special Economic Zone (SEZ), financial district and business hub strategically located in the heart of South Asia – Sri Lanka. With an expected overall investment of US$15Bn on completion, the project spans 269 ha of ocean reclamation, extending the current Colombo Business District (CBD).
Port City Colombo will be transformed into a Modern, Green, Smart City enabling the exceptional in business, lifestyle and community. The City is estimated to have 6.3Mn m2 of build-up space and an estimated population of 273,000. A USD 7-million Duty-Free Shopping Complex, the first of its kind in South Asia will also open its doors at Port City Colombo in in the second-half of 2023
