Port City Colombo, a visionary Special Economic Zone (SEZ) focused on the export of modern services, recently represented Sri Lanka at the Commonwealth Business Forum 2024 held in Apia, Samoa, from October 23-24. As a strategic partner of the Commonwealth Enterprise and Investment Council (CWEIC), Port City Colombo engaged in discussions on sustainable growth with
Port City Colombo is playing a pivotal role in accelerating the development of Sri Lanka’s IT industry, aligning with the Government’s ambitious goal of creating a $15 billion digital economy by 2030. As the country aims to establish itself as a leading tech hub in South Asia, Port City Colombo is focused on attracting major
MillenniumIT ESP, a leading enterprise solutions provider, has announced a significant milestone in its growth journey with the establishment of its Global Service Delivery Centre at Port City Colombo. This new facility, registered under the company’s subsidiary, Millennium IT ESP Singapore, will serve as the primary hub for delivering innovative technology solutions to its expanding
Port City Colombo announced that Parliament officially passed two key offshore banking regulations, Offshore Banking and Offshore Banking – Prudent Management and Confidence, on September 4, 2024. This significant development aligns with Port City Colombo’s ambition to establish itself as a prominent regional financial centre, attracting increased Foreign Direct Investment (FDI) into Sri Lanka. Seven
Port City Colombo has reached a key milestone, successfully onboarding over 100 companies as Authorised Persons (APs) by 24 August 2024. These companies span a wide array of sectors, including IT, finance, logistics, shipping, healthcare, tourism, real estate development, and global capability centres. This development positions Port City Colombo as a crucial player in attracting
Sri Lankan Ambassador to Jordan, J.A.D.S. Priyangika Wijegunasekara, visited the Zarqa Chamber of Commerce on 21 August, engaging in a productive dialogue aimed at enhancing trade and economic cooperation between Sri Lanka and Jordan. The discussions centered around strengthening trade, tourism, and investment ties between the two countries. Zarqa Chamber Chairman Hussein Shraim highlighted the
Port City Colombo has officially announced the gazetting of two critical regulations, Offshore Banking and Offshore Banking – Prudent Management and Confidence, for commercial operations within the Colombo Port City Special Economic Zone. This milestone was marked by Gazette Notifications 2394/66 and 2394/67 dated July 26, 2024. These regulations are a significant step towards establishing
A third international duty-free operator is considering entering Sri Lanka’s Port City Colombo, following the recent cabinet approval for two operators to establish themselves in the special economic zone. China Duty Free and One World Duty Free have been designated as businesses of secondary strategic importance by the Cabinet of Ministers. “Our partners are now
Port City Colombo, a dynamic Special Economic Zone (SEZ) and emerging regional financial center, is making significant strides in attracting key investments as it prepares to engage prospective investors from South Asia, APAC, and the Middle East by the end of 2024. Focusing on high-value Foreign Direct Investments (FDIs), Port City Colombo has welcomed around