🏛️ Cabinet Approves Strategic Enterprise Status for Port City Projects

The Cabinet of Ministers has approved submitting three Extraordinary Gazette notifications to Parliament to officially designate key entities in Colombo Port City as Primary Enterprises of Strategic Importance under Act No. 11 of 2021. • Designated Companies: • Marina Hotel Holdings Ltd. (Approved by Cabinet: 30 Mar 2026 | Gazette No. 2483/17: 10 Apr 2026) • Home Lands Port City Ltd. (Approved by Cabinet: 04 May 2026 | Gazette No. 2488/03: 11 May 2026) • Prime Melva Port City Ltd. (Approved by Cabinet: 04 May 2026 | Gazette No. 2488/04: 11 May 2026) • Context & Next Steps: • Proposal presented by President Anura Kumara Dissanayake in his capacity as Minister of Finance, Planning, and Economic Development. • Final parliamentary approval will formalize strategic incentives to drive high-value foreign directly invested development across real estate, hospitality, and commercial sectors in Sri Lanka's primary special economic zone.