Colombo Port City Special Economic Zone (SEZ) positioned as an extension of Colombo’s existing Central Business District is a 269 Ha land reclamation project in the heart of South Asia. This mega development is a testament to Sri Lanka's commitment to becoming a global economic hub. The SEZ designation brings a myriad of benefits, making it an attractive destination for businesses and investors alike.
One of the primary advantages of the Port City Colombo SEZ is its business-friendly policies. The zone operates with a streamlined regulatory framework, reducing bureaucratic hurdles and offering a conducive environment for businesses to thrive – enhanced by the setup of the Colombo Port City Economic Commission, the single window investment facilitator. This approach not only accelerates the establishment of new ventures but also facilitates the smooth operation of existing ones.
Port City Colombo is positioned as a financial hub, home to a range of financial services, including banking, insurance, and capital market activities. This financial ecosystem complements the business landscape, facilitating seamless transactions and further enhancing the attractiveness of the SEZ.
Foreign direct investment (FDI) is a cornerstone of Port City Colombo's economic strategy, with a goal to attract over USD 15 billion in FDI. The SEZ provides incentives such as tax breaks, duty-free imports, and a simplified approval process for foreign investors. This not only attracts multinational corporations seeking a strategic base but also promotes technology transfer and knowledge exchange, fostering innovation and economic diversification. Additionally, creating a chance for Sri Lankan export-focused enterprises to experience significant growth by establishing their trade offices in Port City Colombo, enabling them to cater to the regional market.
The infrastructure development within Port City Colombo is another noteworthy aspect. State-of-the-art facilities, modern transportation networks, and a sustainable master planned urban design make it an attractive destination for businesses looking to set up operations. The SEZ is poised to become a smart city, incorporating advanced technologies for efficient energy use, waste management, and connectivity.
In conclusion, Colombo Port City’s Special Economic Zone is a game-changer not only for Sri Lanka, offering a strategic location for businesses, a gateway for foreign investment, and a catalyst for economic development. As the project continues to unfold, it holds the promise of transforming Sri Lanka into a regional economic powerhouse, bringing prosperity and opportunities for all.
For more information, please download the following documents and also visit www.portcitycolombo.lk
For further clarification contact
Colombo Port City Economic Commission
+94 11 756 0006
CHEC Port City Colombo (Pvt) Ltd
+94 11 233 5141-43
+94 77 838 8888