Port City Colombo commemorated the formal handover of office space to key anchor tenants with a special ceremony, which was held on 30th May 2025. The event was graced by the presence of Mr. Chen Zhong, Deputy General Manager, China Communications Construction Group, Mr. Harsha Amarasekera, Chairman, the Colombo Port City Economic Commission, Mr. Bai Yinzhan, Chairman, China Harbour Engineering Company (CHEC), Dr. Sulakshana Jayawardena, Director General (Corporate Affairs), Ministry of Finance, Economic Stabilization, and National Policies, and Mr. Xiong Hongfeng, Managing Director, CHEC Port City Colombo (Pvt) Ltd. The occasion was attended by an esteemed gathering of CCCC and CHEC dignitaries, and tenants who have leased out space at the Business Centre.
The Business Centre at Port City Colombo, which officially broke ground in March 2024, is a premier IT and business park that empowers businesses to operate, exchange knowledge, and drive new advancements in their respective fields. The development encompasses nine low-rise office buildings, with a dedicated IT hub and a commercial hub. Eighty percent of the office space at the Business Centre has been officially leased out to Authorised Persons, who have been registered and approved by the Colombo Port City Economic Commission (CPCEC) to conduct business within the Colombo Port City Special Economic Zone.
The Business Centre represents a USD 5 million Foreign Direct Investment by China Harbour Engineering Company (CHEC), the subsidiary of CCCC. Being a Fortune 500 company employing over 120,000 people across 145 countries and regions, CCCC has contributed significantly towards instrumental construction and development projects through CHEC since 1998 in Sri Lanka, with Port City Colombo being one of the Group’s most strategic ventures. CCCC aims to support the further evolution of Port City Colombo into a thriving regional ecosystem that will attract foreign direct investments, foster knowledge exchange and innovation, and contribute to increased job creation potential in Sri Lanka. CHEC, the primary project developer, has invested approximately USD 1.4 billion in Port City Colombo — the project is Sri Lanka’s largest Foreign Direct Investment and Public-Private Partnership to date.
The handover of office space at the Business Centre embodies the commencement of operationalized commercial activity within the Colombo Port City Special Economic Zone. Promoting strengthened investor confidence in the Asian region, this movement showcases the progressive regulatory framework of the Colombo Port City Special Economic Zone in action.
On-boarded tenants, who will be setting up operations at the Business Centre as registered Authorised Person’s, would benefit from the SEZ’s fiscal and non-fiscal incentives, whilst they contribute to Port City Colombo’s growing business eco-system. This epitomizes the landmark opportunity for further economic growth and development in Sri Lanka, with Port City Colombo being its key strategic driver.
With the Business Centre soon to commence operations, Port City Colombo takes one additional step towards becoming a sought-after destination for business, investments and leisure in the heart of South Asia.