Sri Lanka’s Port City showcases itself at South East Asia Hotel Investors Summit - Opportunity Sri Lanka
Sri Lanka’s Port City showcases itself at South East Asia Hotel Investors Summit

Sri Lanka’s Port City showcases itself at South East Asia Hotel Investors Summit

Daily FT: The South East Asia Hotel Investors Summit (SEAHIS) 2023, a prestigious gathering of leading investors, industry leaders and experts recently took place in Bangkok, Thailand.
Among the distinguished speakers at the event was Colombo Port City Deputy Managing Director Thulci Aluwihare, who delivered an informative keynote presentation on Sri Lanka’s untapped potential, its rapidly recovering tourism industry and Sri Lanka Tourism’s ambitious targets for the upcoming year.
During his address, Aluwihare also highlighted the exciting opportunities presented by Port City Colombo (PCC) and the PCC Special Economic Zone (SEZ). He emphasized the significant investment prospects available to hotel owners and operators within and around the development, which is positioned to be Sri Lanka’s new frontier of hospitality. As one of the most ambitious and transformative urban development projects in the region, PCC is set to play a pivotal role in elevating Sri Lanka’s tourism sector to new heights. The soon-to-be-opened downtown duty-free, for example, is a key precursor to what is still to come, and will be the first such downtown duty-free mall in South Asia.
Aluwihare expressed his optimism about the future of Sri Lanka’s hospitality industry saying, “With the rapid growth and recovery of our tourism industry, we believe that Port City Colombo will be a catalyst in attracting both local and international investors seeking unparalleled opportunities. Port City’s unique blend of modern infrastructure, strategic location and diverse investment options will create a vibrant ecosystem that supports Sri Lanka’s tourism goals, particularly as it will act as a global venue for entertainment, leisure, finance, business, retail and more.”
Port City Colombo is a visionary project that aims to redefine Sri Lanka’s economic and social landscape. PCC will offer a cosmopolitan lifestyle, world-class infrastructure and sustainable living. As a Special Economic Zone, it also provides a range of incentives and benefits for businesses, making it an ideal destination for hotel owners and operators to establish their presence in Sri Lanka.
In addition to the numerous investment opportunities, Port City Colombo will further bolster Sri Lanka’s tourism ambitions by providing state-of-the-art amenities, cutting-edge technology, and a host of entertainment, leisure and retail offerings, including a cutting-edge Downtown Duty-Free. The development is designed to create a vibrant hub that seamlessly integrates business, leisure and residential components, offering an unmatched experience for visitors and residents alike.
As Sri Lanka aims to position itself as a top tourist destination, Port City Colombo will play a pivotal role in achieving this goal. With its commitment to sustainability, innovation and world-class hospitality, PCC is poised to become a game-changer in the region, attracting discerning travelers and investors alike.

OSL take:
Sri Lanka’s Port City Project is one of the key development programmers aimed at taking the country to the next level of development. Sri Lanka is already focused on becoming an emerging business destination in the South Asian region. The country’s geographical positioning in the Indian Ocean and the many trade agreements as well as trade concessions enjoyed by the country have also helped boost Sri Lanka’s chances of becoming an emerging business destination. Sri Lanka is also on the recovery path after facing many challenges due to the global pandemic and the height of last year’s economic recovery. The government of Sri Lanka while working to improve the ease of doing business environment in the country, also offers a host of incentives to foreign investors. Also, the growth potential in several key economic sectors present attractive business/investment opportunities to foreign businesses/investors. On the other hand, an investment in the Colombo Port City, given the Chinese investments due to it could present an excellent opportunity for foreign businesses/investors.

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Article Code : VBS/AT/20230725/Z_15

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