Port City Colombo Attracts $300 Million FDI for Second Phase Expansion

CHEC Port City Colombo (Pvt) Ltd., the main developer of Port City Colombo, has announced a commitment of approximately USD 300 million in foreign direct investment (FDI) for Phase II of the Port City Colombo project. This significant investment at the beginning of the New Year highlights continued confidence in Sri Lanka’s long-term growth potential.

This investment follows the completion of necessary regulatory processes, paving the way for the next phase of development in Sri Lanka’s largest urban development initiative. The USD 300 million investment emphasizes CHEC Port City Colombo’s trust in Sri Lanka’s economic recovery and its dedication to the long-term success of the project.

“This USD 300 million Phase II investment is a clear and deliberate statement of our long-term commitment to Sri Lanka. We are not approaching Port City Colombo as a short-term development, but as a generational project aligned with the country’s future growth,” said Mr. Xiong Hongfeng, Managing Director of CHEC Port City Colombo (Pvt) Ltd. “Our decision to continue infusing capital via FDI reflects strong confidence in Sri Lanka’s economic direction and in the role Port City Colombo will play in supporting investment, enterprise, and employment in the years ahead.”

The Phase II investment will further the development of essential infrastructure and utilities within Port City Colombo, which stands as Sri Lanka’s first multi-services Special Economic Zone (SEZ). These developments aim to boost investment activity, foster enterprise creation, and generate sustained employment across construction, services, and related sectors.

CHEC Port City Colombo’s ongoing long-term investment signifies its firm commitment to seeing the project through to completion. It represents a long-term commitment to Sri Lanka’s future by strengthening FDI inflows, supporting employment, and encouraging broader economic benefits, while positioning Port City Colombo as a strategic platform for globally oriented, high-value services aligned with national development objectives.

For more information on investment opportunities at Port City Colombo, please visit www.portcitycolombo.lk. For details on Single Window Investment Facilitation and regulatory matters, please visit www.portcitycolombo.gov.lk.