Port City Colombo commemorated the formal handover of office space to key anchor tenants with a special ceremony held recently.
The event was graced by the presence of China Communications Construction Group Deputy General Manager Chen Zhong, Colombo Port City Economic Commission Chairman Harsha Amarasekera, China Harbour Engineering Company (CHEC) Chairman Bai Yinzhan, Finance, Economic Stabilisation and National Policies Ministry Director General Corporate Affairs Dr. Sulakshana Jayawardena and CHEC Port City Colombo (Pvt.) Ltd Managing Director Xiong Hongfeng.
The occasion was attended by an esteemed gathering of China Communications Construction Company Limited (CCCC) and CHEC dignitaries and tenants who have leased out space at the Business Centre.
The Business Centre at Port City Colombo, which officially broke ground in March 2024, is a premier IT and business park that empowers businesses to operate, exchange knowledge and drive new advancements in their respective fields. The development encompasses nine low-rise office buildings, with a dedicated IT hub and a commercial hub.
Eighty percent of the office space at the Business Centre has been officially leased out to Authorised Persons, who have been registered and approved by the Colombo Port City Economic Commission to conduct business within the Colombo Port City Special Economic Zone.
The Business Centre represents a US $ 5 million foreign direct investment (FDI) by CHEC, the subsidiary of CCCC. Being a Fortune 500 company employing over 120,000 people across 145 countries and regions, CCCC has contributed significantly towards instrumental construction and development projects through CHEC since 1998 in Sri Lanka, with Port City Colombo being one of the group’s most strategic ventures.
CCCC aims to support the further evolution of Port City Colombo into a thriving regional ecosystem that will attract FDIs, foster knowledge exchange and innovation and contribute to increased job creation potential in Sri Lanka. CHEC, the primary project developer, has invested approximately US $ 1.4 billion in Port City Colombo — the project is Sri Lanka’s largest FDI and public-private partnership to date.
The handover of office space at the Business Centre embodies the commencement of operationalised commercial activity within the Colombo Port City Special Economic Zone. Promoting strengthened investor confidence in the Asian region, this movement showcases the progressive regulatory framework of the Colombo Port City Special Economic Zone in action.
On-boarded tenants, who will be setting up operations at the Business Centre as registered Authorised Persons, would benefit from the Special Economic Zone’s fiscal and non-fiscal incentives, whilst they contribute to Port City Colombo’s growing business ecosystem.
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