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Home»GOOD NEWS COLLECTION»SOUTH ASIA’S NEW BUSINESS OASIS
GOOD NEWS COLLECTION

SOUTH ASIA’S NEW BUSINESS OASIS

LMD InternationalBy LMD InternationalJanuary 29, 2025Updated:January 29, 2025No Comments2 Mins Read
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Port City Colombo (PCC) is emerging as a vibrant business hub in South Asia, designed to attract global investors with a modern legal framework and strategic incentives.

Positioned as a competitive alternative to established centres like Dubai and Singapore, PCC offers a business enabling environment that fosters growth and innovation.

Initiated by the Government of Sri Lanka in collaboration with China Harbour Engineering Company (CHEC), PCC represents a colossal undertaking in land reclamation and urban development.

The latest additions to Port City Colombo are a duty-free mall and an elevated highway that will provide direct connectivity to the area from the Bandaranaike International Airport (BIA).

PCC says that the opening of the mall will draw increased tourist traffic, showcasing a unique shopping experience with its travel retail offerings and competitive pricing. Meanwhile, easy access for container trucks to the port and reduced traffic in the commercial capital will be among the benefits of the longest elevated highway in Sri Lanka.

Over 100 companies from diverse sectors such as IT, finance and logistics have already registered as authorised persons (APs) within the special economic zone, drawing increasing attention from international investors.

PCC is poised to become South Asia’s premier financial and business hub, energising the local economy, creating new opportunities for growth and positioning Sri Lanka as a significant player in the region.

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