In The Press
Former UK PM visits Port City Colombo
Former Prime Minister of the United Kingdom, David Cameron, visited the Port City Colombo development project during a private visit to the island.
Cameron engaged in a discussion with Commission Member Reyaz Mihular, Director, Legal and Corporate Affairs of the Colombo Port City Economic Commission, Vindhya Weerasekera and Managing Director, CHEC Port City Colombo, Yang Lu to understand aspects of the Public Private Partnership and catalytic role of the project in transforming the economy. Director General, BOI, Renuka Weerakoon was also present.
Briefing the former PM, Deputy Managing Director of CHEC Port City Colombo, Thulci Aluwihare said that the ambition is to create a destination appeal for businesses to leverage Port City Colombo as a platform to access the region. Further, coupled with an attractive regulatory regime, Port City Colombo will be positioned as an alternate location to Singapore and Dubai with its cost competitiveness and attractive quality of living.
Port City Colombo offers something beyond a geographical advantage, with a comprehensive package of fiscal and non-fiscal incentives to enhance ease of doing business, Aluwihare said.
The Commission is a Single Window Investment Facilitator with the ability to implement dynamic regulations, liberal foreign exchange regime, an open labour market and attractive investment incentives. In addition, as Sri Lanka’s first master planned city, Port City Colombo will create an attractive living environment focused on green and smart living.
Cameron’s visit to the Project Site was to foster greater cooperation on promoting Port City Colombo to potential investors. He was also the first high-level delegate to visit the Port City Colombo development project in 2023.