By Yohan Perera and Ajith Siriwardana
Port Metropolis Colombo (PCC) could be launched in Dubai and Abu Dhabi on September 26, Funding Promotion Minister Dilum Amunugama instructed Parliament this week.
“There is a chance to place PCC as an offshore monetary metropolis. Former British Prime Minister David Cameron is predicted to take part within the occasion. About 17 international traders have expressed their willingness to spend money on the reclaimed land,” he added.
Parliament this week imposed an ordinance underneath the Port Metropolis Growth Invoice, granting growth licenses to the traders.
PCC is a visionary, international direct investment-financed blended growth mission that goals to redefine Sri Lanka’s financial and social panorama. Constructed on reclaimed land, adjoining to the center of Sri Lanka’s capital, Colombo, PCC will supply a cosmopolitan way of life, world-class infrastructure and sustainable residing.
As a Particular Financial Zone (SEZ), it additionally gives a spread of incentives and advantages for companies, making it a perfect vacation spot for worldwide firms, lodge homeowners and operators to determine their presence in Sri Lanka.
The SEZ’s unbiased governance framework, by way of the Colombo Port Metropolis Financial Fee (CPCEC), can be paving the way in which for PCC to grow to be one of many best locations to do enterprise within the area, boosting its prospects as a gateway to South Asia to be additional strengthened. .