📈 Prime Melwa Secures Strategic Status for $112Mn Port City Mixed-Use Development

• Investment & Scope: Prime Melwa (Pvt) Ltd commits US$ 112.2 Mn in FDI alongside LKR 15.9 Bn in local capital to construct a landmark mixed-use waterfront project within Colombo Port City. • Strategic Designation: Project designated as a Primary Business of Strategic Importance following Cabinet approval under Section 53 of the Colombo Port City Economic Commission Act No. 11 of 2021, granting key exemptions and incentives. • Economic Impact: Project aims to bolster urban real estate infrastructure and drive job creation, generating approximately 800 direct employment opportunities over the development timeline.