🛍️ CDF Duty Free Launches at Port City Colombo

China Duty Free Group has introduced a new downtown duty-free mall concept at Port City Colombo, elevating Sri Lanka's tourism and retail sector to international standards comparable to Dubai and Singapore. • Investment & Performance: Backed by an initial investment of US$ 5 Mn, the store has served nearly 120,000 travellers since commencing operations in September 2024. • Current Model: Operating under Sri Lanka Customs, it serves arriving residents/citizens (within 4 days of arrival), departing passengers, and diplomats. The current allowance for arriving passengers stands at US$ 2,000. • Proposed Regulatory Upgrades: A new amendment will allow Sri Lankan citizens duty-free shopping eligibility after every overseas trip, with two visits permitted within the 4-day post-arrival window. • Economic Impact: The downtown model removes airport time pressures, offering direct-from-principal international brands (electronics, fashion, cosmetics) to boost local consumer access and position Sri Lanka as a modern regional shopping hub. _Data based on official company and regulatory updates._