Employment opportunities that are to be generated following the completion of the Business Center at the Port City Colombo would reverse the brain drain of the country, said CHEC Port City Colombo Director of Business Development Hariharan Padmanaban.
He made these remarks during his address at the ground breaking ceremony at the Business Center at the Port City yesterday (12).
Padmanaban said that the business center consists of a technology hub in Block 1 and Commercial Hub in Block 2.
The technology hub is to cater IT companies for software development, consulting, startups and Research and Development within a space of approximately 67, 200 square feet with four office buildings and a central courtyard at the main entrance at each building.
Meanwhile, Block 2 is dedicated to banking and finance, and admin and trade services. It spreads within approximately 27, 600 square feet of leasable area.
In the recent address in Parliament, President Ranil Wickremesinghe said that amidst Sri Lanka’s pursuit of becoming an export oriented nation, Sri Lanka aims to be the economic and service hub in the South Asian region, with plans to make the Colombo Port City an international financial hub.
Once fully operational, Port City Colombo is the country’s single largest development and foreign direct investment to date and is poised to contribute $ 13.8 billion annually to Sri Lanka’s Gross Domestic Product (GDP), offering over 140,000 direct employment opportunities.