Qatar Chamber briefed on investment opportunities in Port City Colombo, Sri Lanka

Qatar Chamber's first vice-chairman Mohamed bin Towar al-Kuwari convened a meeting with a delegation from the Port City Colombo Economic Commission of Sri Lanka on Monday. Harsha Amarasekera, chairman of the commission, presided over the gathering, which was also attended by Qatar Chamber board member Mohamed bin Ahmed al-Obaidli and Sri Lanka ambassador Roshan Sithara Khan Azard.

The meeting centered on bolstering bilateral cooperation, deepening trade and economic ties, and expanding bilateral trade. A significant portion of the discussion was dedicated to unveiling investment prospects that could attract Qatari investors. The Sri Lankan delegation showcased an overview of the project, emphasizing key incentives, tax exemptions, regulatory frameworks, and recent developments.

Al-Kuwari expressed Qatar Chamber's eagerness to facilitate communication between Qatari and Sri Lankan business communities. He highlighted Port City Colombo as a diverse investment landscape, suggesting it could serve as a crucial gateway for Qatari investors aiming to venture into the Sri Lankan market. He further encouraged Qatari investors to consider joint ventures with Sri Lankan counterparts in sectors of mutual interest.

Port City Colombo is a large-scale urban development project and multi-use Special Economic Zone (SEZ) situated in Sri Lanka's capital, Colombo. Spanning about 269 hectares of reclaimed land, the initiative aims to lure foreign direct investment and establish Sri Lanka as a regional business and services hub. The zone provides investment opportunities in sectors like financial services, information technology, professional services, shipping and logistics, tourism and hospitality, and regional headquarters.