Port City attracts 100+ companies
View(s):Port City Colombo has attracted 100+ companies as Authorised Persons (AP’s), as of August 24th.
These companies represent a diverse range of sectors identified to the Colombo Port City Special Economic Zone, including IT, Finance, Professional Services, Shipping, Logistics, Tourism, Healthcare, Real Estate Development, and Global Capability Centres, the company said in a media release.
Among these AP’s, 22 have been designated as Businesses of Strategic Importance (BSI’s). The Colombo Port City Economic Commission (CPCEC) is currently reviewing the BSI status of other AP’s at present. Several companies are in the pipeline to register as AP’s, reflecting increased investor confidence in Port City Colombo. These achievements align with Port City Colombo’s vision to attract high-value foreign direct investments (FDI’s), whilst the diverse range of companies reflects the SEZ’s focus on service-oriented sectors.
Banks including Sampath Bank, Commercial Bank of Ceylon, Hatton National Bank, National Development Bank, Nations Trust Bank, Union Bank, DFCC, Bank of Ceylon, and People’s Bank have applied to establish offshore banking branches within the Colombo Port City Special Economic Zone. These banks will operate under the gazetted offshore banking regulations released on July 26th, 2024.
These developments are projected to generate demand for 30,000 to 50,000 square meters of office space in Port City Colombo. The Business Centre, a premier IT and commercial park located at the heart of Port City Colombo’s Financial District, is scheduled to launch in November 2024. This coincides with the anticipated influx of tenants.
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