gossip lanka

Construction of Int’l Financial City to start year end

The construction work of the International Financial City (Financial District) at the Colombo Port City will commence end of the year.

The management is awaiting approval of final documents from the government to commence construction. The proposed International Financial City would comprise four towers and there would be 45 floors.

The project developer China Harbour Engineering Company (CHEC), has also pledged USD 1 billion towards this project which will make it the biggest single FDI to Sri Lanka for 2019 and 2020.

The Financial District will also see many foreign multi nation companies moving their headquarters to it. “The manner in which Sri Lanka managed the Covid-19 epidemic has received global commendation. This is a major plus point to market Port city not only for corporate but also to citizens of other countries to live in Sri Lanka where health standard was proved to be very high,” an office from CHEC said. He said that they are expecting many corporates based in China, Singapore, Middle East and Hong Kong to move their operations to Sri Lanka.