Port City attracts world’s top investor | Sunday Observer

Port City attracts world’s top investor

17 January, 2021
 Nathaniel Rothschild and his delegation take a look at an artist’s  impression of the Port City project.
Nathaniel Rothschild and his delegation take a look at an artist’s impression of the Port City project.

World renowned financier and a member of Rothschild family, Nathaniel Rothschild who arrived in Sri Lanka on a brief business tour, paid a visit to Port City Colombo on Thursday, January 14.

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 the Executive Project Director of Port City Colombo, Raja Edirisuriya and Assistant Managing Director of CHEC Port City Colombo, Yue Yeqing and senior Port City officials.

The delegation was briefed on the Port City Colombo project and its construction progress as well as future developments.

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 senior management of CHEC Port City Colombo, appreciated Mr. Rothschild’s visit and expressed willingness to continue dialogue with Rothschild for possible future cooperation.

Head of Commercial and Legal, Eric Ou, Head of Strategy and Business Development, Thulci Aluwihare, Director Sales and Marketing, Ms. Yamuna Jayaratne and Sri Lanka Country Manager for Sales and Investor Relations of CHEC Port City Colombo, Radhika Ellepola were also present during Rothschild visit.

Late last year, the first investment agreement for Port City Colombo was signed between CHEC and Sri Lankan corporate giant LOLC through Browns Investment for US$ 1 billion CIFC complex.

During the first quarter of this year, it’s expected that the government will introduce the Special Economic Zone (SEZ) law to govern Port City Colombo which will further enhance FDIs to Sri Lanka.

Port City Colombo is made up of five precincts- a financial district, central park living, international island, the marina and island living.

When completed, 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.