In The Press
Port City Colombo hosts Thai and Iranian delegations
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 in the project.
The delegations received a comprehensive tour of the project and were provided with an overview of the project’s future plans.
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 delegations and showcase the potential of Port City Colombo,” said Deputy Managing Director of CHEC Port City Colombo (Pvt) Limited, Thulci 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. We anticipate the PCC Duty-Free Shopping Complex to open on schedule by April, which will be a significant milestone for us,” he said.
PCC is Sri Lanka’s largest Foreign Direct Investment (FDI) funded development amounting to a total investment of $15bn on completion. Positioned as a 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 the second-half of 2023.
The delegations were led by President of the Thai-Sri Lanka Chamber of Commerce, Akram Saroof and former President of the Sri Lanka-Thailand Business Council, Rizan Nazeer and Chief, Economic and Consular Section of the Embassy of Iran, K. Soheil and the delegations were received by the senior management team of CHEC Port City Colombo.