Sri Lanka has secured a US$ 1.2 billion investment from a Chinese firm for the Colombo Port City. 

The Sri Lanka Embassy in China announced that China Harbour Engineering Cooperation (CHEC) has confirmed it will make the investment for International Financial Centre at the Colombo Port City. 

The investment was announced during a meeting between Sri Lanka’s Foreign Minister Ali Sabry and President Bai Yinzhan, of the China Harbour Engineering Cooperation at their head office in Beijing.

Taking to Twitter, the Sri Lanka Embassy in China said; “President Bai confirmed that CHEC will invest USD 1.2 b in the Colombo Port City, starting with the International Financial Centre.” (NewsWire)

Foreign Minister Ali Sabry met with President Bai Yinzhan, of the China Harbour Engineering Cooperation at their head office in Beijing. President Bai confirmed that CHEC will invest USD 1.2 b in the ColomboPort City, starting with the International Financial Centre.#DiplomacyLK pic.twitter.com/IP66cSlOCi

— Sri Lanka Embassy in China (@SLembassycn) June 26, 2023

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