Monday, 25 September 2023 10:43

“Chinese investors pledge USD 550 Mn FDI for Port City” Featured

Investment Promotion State Minister Dilum Amunugama said that he has succeeded in obtaining over USD 550 million worth of Foreign Direct investments (FDI) to Sri Lanka after he visited and met Chinese investors last week.

He said that all these investments would be centered on the Port City Colombo. In addition, Chinese have also expressed interest in setting up a special Export Processing Zone in Hambantota.

One of the biggest projects would be the establishing of a comprehensive International University at the Port City Colombo. “This would be with hostel facilities and is planned to attract foreign students.”

The total investment would be around USD 400 million. In addition Chinese investors have expressed interest in setting up an international gem trading/auction centre at the Port City Colombo. They will also have a gem museum to attract tourists.


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