Wednesday, September 28, 2022

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Colombo Port City SEZ takes the lead in attracting FDIs

CHEC Port City Colombo in collaboration with the Colombo Port City Economic Commission (CPCEC ) successfully introduced the Special Economic Zone to 50 plus potential investors and members at a specially curated Breakfast meeting held at the Business Forum Event.

During the Business Forum senior management of Colombo Port City Commision (CPCC) and the CPCEC had meaningful one-on-one dialogues with leading institutions and leaders from the business community that cited a Special Economic Zone in Colombo was paramount in attracting Foreign Direct investment.

The event was a global platform for Sri Lanka’s first service-oriented Special Economic Zone (SEZ) to be showcased in the Business Forum, which was held in Kigali, Rwanda from the 21st to the 23rd of June 2022.

As a strategic partner of the Commonwealth Enterprise and Investment Council (CWEIC), Port City Colombo participated as a proud knowledge partner of the Commonwealth Business Forum, held alongside the Commonwealth Heads of Government Meeting (CHOGM) in Kigali.

It was the first and largest, in-person gathering for governments and businesses across the Commonwealth since the COVID-19 pandemic.

CHOGM 2022 attracted over 1,700 delegates from over 90 countries. Additionally, the Commonwealth has lately, embarked driving forward businesses and cultivating synergies amongst its member nations whilst also expanding upon the member nations of the Commonwealth itself.

Sri Lanka has always been touted for its strategic location. Besides its natural geographical advantage,it has akso connected to global supply chains.

Additionally, several bi-lateral and multilateral trade agreements are in place and there were several government’s initiatives to promote trade.

Overall, the event allowed CHEC Port City to engage and market the SEZ to a global audience whilst also inundating them on the value proposition at play and indicating why this could be a service-based hub in the South Asian region.

Given the interest we garnered during the event, the next step in realising the project’s potential is for the regulations to be passed and enacted so that the go-to-market.

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