Port City Colombo SEZ introduced at the Commonwealth Business Forum 2022 Kigali, Rwanda

CHEC Port City Colombo in collaboration with the Colombo Port City Economic Commission successfully introduced the Special Economic Zone to 50 plus potential investors and members at a specially curated Breakfast meeting held at the Business Forum Event.

The event was a global platform for Sri Lanka’s first service-oriented Special Economic Zone (SEZ) to be showcased in the Business Forum, which was held in Kigali, Rwanda from the 21st to the 23rd of June 2022.

As a strategic partner of the Commonwealth Enterprise and Investment Council (CWEIC),Port City Colombo participated as a proud knowledge partner of the Commonwealth Business Forum, held alongside the Commonwealth Heads of Government Meeting (CHOGM) in Kigali, which was the first and largest, in-person gathering for governments and businesses across the Commonwealth since the COVID-19 pandemic. CHOGM 2022 attracted over 1,700 delegates from over 90 countries.Additionally, the Commonwealth has lately, embarked driving forward businesses and cultivating synergies amongst its member nations whilst also expanding upon the member nations of the Commonwealth itself.

 The opening comments were given by the Deputy Chairman of the CWEIC, Sir Hugo Swire followed by a key note address by Mr. Thulci Aluwihare, the Deputy Managing Director of CHEC Port City Colombo.

Sir Hugo, in his opening address stated, “It’s a very exciting development, despite the current economic situation prevailing in the country, the Port City SEZ is ring fenced from that.”

The panel also consisted of the Director General of the Colombo Port City Economic Commission who provided insights on the Commission’s role in the project and further also addressed some of the key misconceptions pertaining to the project. The event was well received by the audience and generated positive feedback on the overall unique features and positioning of the Port City SEZ which will be a game changer in the region.  

It was clearly highlighted that the investor confidence was primarily driven by the Port City Economic Commission engaging with global consultantsfor providing best practices for ease of doing business, banking and ring fencing regulations which will ensure independent functioning of business activities within the zone.

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