📈 Colombo Port City: New Milestone in FDI & Economic Growth

The Colombo Port City Special Economic Zone (SEZ) has reached a key development milestone following Cabinet approval for 77 Businesses of Strategic Importance (BSIs). • Investment & Financials: Total land and development value is estimated at Rs. 125 Bn, with projected foreign exchange inflows of approximately US$ 626 Mn over the next five years (US$ 262 Mn from Primary BSIs and US$ 364 Mn from Secondary BSIs). • Employment & Impact: The initiative is set to create over 10,000 direct jobs, bolstering the national workforce. • Key Sectors: Approved BSIs span maritime & logistics, IT & digital economy, tourism & leisure, and real estate development. • Strategic Development: Three primary entities (Prime Melwa, Marina Hotel Holdings, and Home Lands) are leading major residential and mixed-use projects. • Regulatory Edge: The Colombo Port City Economic Commission (Amendment) Act, No. 1 of 2026, has streamlined the "Single Window" approval process, including rapid 7-day registration and 5-day work visa processing to attract global investors. With a long-term development value estimated at US$ 15 Bn, Port City is positioning itself as a primary gateway for high-value, service-driven investment in South Asia.