CHEC Port City Colombo (Pvt) Ltd., the master developer of Port City Colombo, has reaffirmed its dedication to attracting Foreign Direct Investments (FDI) to Sri Lanka and achieving further infrastructure milestones as the project progresses into a new phase of commercial operations and vertical development.
“Since its inception in 2014, the strategic vision of Port City Colombo has always focused on improving the Sri Lankan community and advancing the nation’s economy,” stated Mr. Xiong Hongfeng, Managing Director of CHEC Port City Colombo (Pvt) Ltd. “The vast scale of this 269-hectare venture demonstrates our confidence in Sri Lanka’s capability to emerge as a significant regional player in South Asia, while creating a future that all Sri Lankans can aspire to.”
Recognized as a project of national and regional significance, Port City Colombo has exhibited remarkable resilience through various challenging circumstances. Since its launch 11 years ago, the project has navigated through political transitions, the repercussions of the 2019 Easter Sunday attacks, the global disruption caused by the COVID-19 pandemic, and the economic crisis of 2022. Despite these obstacles, the project remains firmly aligned with its strategic goal of becoming a transformative investment destination of world-class stature in South Asia.
As a subsidiary of China Harbour Engineering Company (CHEC), which has been delivering landmark construction projects in Sri Lanka since 1998, the master developer is unwavering in its commitment to supporting the nation’s long-term economic development.
Following the completion of land reclamation in 2019, Port City Colombo has achieved several significant milestones that underscore its potential as a competitive regional investment hub. This includes the passage of the Colombo Port City Economic Commission Act in 2021 with bipartisan support from the Sri Lankan Parliament. The act established the Colombo Port City Special Economic Zone, providing a progressive regulatory environment that enhances the ease of doing business for international investors in Sri Lanka. This has led to the creation of a vibrant business ecosystem, which now includes 146 registered enterprises dedicated to modern service exports.
On October 17, 2025, Port City Colombo marked a key infrastructure milestone by successfully commissioning public utility connections to Colombo’s main city grid, including water, electricity, and sewage systems. This development signals a critical step in the project’s transition to full-scale commercial operations, highlighting its readiness to support large-scale business activities and vertical development.
In September 2024, The Mall at Port City Colombo, South Asia’s pioneering downtown duty-free retail space, was formally inaugurated, further establishing Colombo as a premier regional destination for shopping and leisure.
The Business Centre at Port City Colombo, a leading IT and business park, officially broke ground in March 2024 and began tenant handover of office space in late May 2025.
The Luxury Marina Development, representing a USD 120 million investment by Browns Investment PLC—the strategic investment arm of the LOLC group—officially broke ground on January 10, 2025. The Marina Development will include premium lifestyle and retail offerings, along with berthing space for 200 small to mid-sized yachts, with a planned completion timeline of three years.
Port City Colombo has attracted over USD 1 billion in land development investments, including several landmark projects that reflect the dynamism and ambition of a city rising from the ocean. These developments, designated by the Sri Lankan Cabinet of Ministers as Primary Businesses of Strategic Importance (BSI), bring the total number of such strategic investments within Port City Colombo to 27.
Targeted initiatives are underway, led by the Colombo Port City Economic Commission, to secure investors for land parcels allocated for the International Hospital, International University, and International School.
Port City Colombo represents a prime opportunity that transcends generations. As CHEC Port City Colombo (Pvt) Ltd. looks forward to achieving more milestones, the master developer welcomes the continued support of the Government of Sri Lanka in endorsing the nation’s emergence as a regional hub for business, leisure, and investments.
For more information about investment opportunities at Port City Colombo, please visit www.portcitycolombo.lk. For details on Single Window Investment Facilitation and regulatory matters, visit www.portcitycolombo.gov.lk.
Leave a Reply
You must be logged in to post a comment.