Sri Lanka’s Colombo Port City attracts attention of world renowned financier Nathaniel Rothschild
World-renowned financier and a member of the Rothschild family, Nathaniel Rothschild, who was on a brief visit to Sri Lanka this week, had reportedly paid a visit to the Port City in Colombo.
Local media reports stated that he was accompanied by prominent Sri Lankan-born British Politician and former EU Parliamentarian Niranjan Deva Aditya and corporate sector veteran Rajan Brito.
Rothschild’s delegation was welcomed by Port City – Colombo Executive Project Director Raja Edirisuriya and of CHEC Port City – Colombo Assistant MD Yue Yeqing along with other senior Port City officials, the Daily FT has reported.
The delegation was briefed on the Port City project and its construction progress as well as future developments. Rothschild was highly impressed by the project, particularly the Marina and the hospitality plots.
The Rothschild family is well-known for their diversified business around the world, including the famous Rothschild Bank and Port Montenegro, a luxury yacht and residential project in the Adriatic Sea.
The visit had concluded with Rothschild’s positive remarks on the project.
Head of Commercial and Legal Eric Ou, Head of Strategy and Business Thulci Aluwihare, Director – Sales and Marketing Yamuna Jayaratne, CHEC Port City – Colombo Country Manager – SL Sales and Investor Relations Radhika Ellepola were also present during Rothschild visit.
Port City, Colombo is a brand-new city development built as an extension of the existing Colombo CBD, with an initial investment of US$ 1.4 billion and an expected US$ 15 billion overall investment when completed. Spanning 269 hectares, it is a sea reclamation project connected to the current central business district.
The Port City will be made up of five precincts – a financial district, central park living, an international island, the marina and island living.
When completed, the Port City Colombo is estimated to have 5.7 million square metres of built space, boasting some of the best in design in terms of grade-A offices, medical facilities, educational facilities, an integrated resort, a marina, retail destinations, hotels and other lifestyle developments. Using the latest sustainable city design and smart city concepts, Port City – Colombo will be the hub of South Asia.
OSL take:
Sri Lanka is fast becoming a venue for business/investments in the post Covid financial world and the interest shown by the world renowned financier in opportunities in Sri Lanka is evident of this fact. Sri Lanka’s economy has shown great resilience to external and internal shocks through the years and is already showing signs of a quick rebound following the impact of the global Covid 19 pandemic. Also, Sri Lanka’s geographical positioning in the Indian Ocean and the many trade agreements as well as trade concessions enjoyed by the country will help it achieve the status of a business/investment hub in the South Asian region. Foreign businesses/investors could therefore confidently explore business/investment opportunities in Sri Lanka.
| Article Code : | VBS/AT/20210115/Z_5 |