The story goes that in 2011 Sri Lanka’s then-president Mahinda Rajapaksa looked out from the land reclamation site of Colombo's emerging South Container Terminal and had an epiphany: why not just keep ...

Sri Lanka is set to end tax breaks for the Port City Colombo project being implemented by a Chinese state-run firm as part of commitments under an International Monetary Fund (IMF) bailout package, a ...

COLOMBO (Reuters) - A consortium led by state-run China Harbour Engineering Company Ltd will invest $1 billion to build three 60-storey office towers on reclaimed land of the Port City development in ...

Sri Lanka recently announced that a major development project, suspended since March 2015, will finally resume. The Colombo Port City Project, a $1.4 billion deal, is supported by a state-owned ...

On August 2, 2025, Sri Lanka’s largest private sector investment in luxury tourism, the US$1.2-billion City of Dreams Sri Lanka, opened its doors in Colombo. The development speared by John Keells ...