In The Press

Port City attracts int’l service oriented brands


The Colombo Port City (CPC) will mainly focus attention towards establishing worldwide Service-Oriented Brands after opening it for global investors, CHEC Port City Colombo, Public Relations Head Kassapa Senarath told the media session held to create awareness of Sri Lanka Press Association on the current progress of the Port City Colombo development project.

The Port City Project is being implemented under a tripartite agreement between the Ministry of Urban Development Authority and China Communication Construction.

Senarath further said since the CPC is a service oriented project no opportunities are extended for investors to commence either industries or factories. He said the Port City is mainly focusing on setting up International hotel chains, international financial services, Information technology services, International Insurance organizations, and many more international brands in order to provide services from Sri Lanka to foreign countries.

“Our main objective is to set up the regional headquarters of all international brands in Sri Lanka so that it will not only help our country to become the hub of all international brands but also to provide a large number of employment opportunities to our youth”, he said.

Senarath also highlighted that local traditional exports of tea, rubber, and coconut recorded the highest foreign exchange earner in the past and this situation drastically changed after introducing the service-providing sector in 2000.

He said after full operations of the Colombo Port City Project, Sri Lanka’s service providing sector will further yield more fruitful results to uplift the Lnkan economy.

Senarath said in addition to international service sectors foreign investors will also convey their willingness to set up a few shopping malls too, to attract local and foreign nationals visiting the Port City.