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LankaWeb – Colombo Port City Secures First Investment with One Billion Dollar Colombo International Finance Center

Posted on December 17th, 2020 අග්‍රාමාත්‍ය මාධ්‍ය අංශය The first investment within the Colombo Port City will commence with the one billion dollar Colombo International Finance Centre (CIFC) Mixed Development Project. The momentous agreement between Browns Investments, the strategic investment arm of the LOLC Group, and China Harbour Engineering Company Limited (CHEC) was signed this morning in the presence of Prime Minister Mahinda Rajapaksa and Ambassador of China to Sri Lanka Qi Zhenhong. Attracting foreign direct investment is a key priority for our Government, and this landmark project is a strong indicator that Sri Lanka is now back in business,” Prime Minister Rajapaksa said. We invite investors from around the world to explore the multitude of

Sri Lankan, Chinese conglomerates join to invest international finance centre in Colombo Port City - China News

2020-12-18 07:35:34 GMT2020-12-18 15:35:34(Beijing Time) Xinhua English COLOMBO, Dec. 18 (Xinhua) Prominent conglomerates from Sri Lanka and China on Thursday signed a landmark agreement to commence the first large scale investment in the multi-billion-dollar port city project in capital Colombo which will strengthen Sri Lanka s economy and its development sector in the international market. The agreement was signed between Browns Investments PLC, the Strategic Investment Arm of the LOLC Group which is one of the largest and most diversified conglomerates in Sri Lanka and China Harbour Engineering Company Limited (CHEC), in the presence of Prime Minister Mahinda Rajapaksa and Ambassador of China to Sri Lanka Qi Zhenhong, to invest in the Colombo International Finance Centre (CIFC) Mixed-Use Development Project in the Colombo Port City, a statement said.

Browns and CHEC join forces for $ 450 m CIFC

Browns and CHEC join forces for $ 450 m CIFC
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Port City Colombo secures LOLC s and CHEC s Investment; sets the stage for the One Billion Dollar Colombo International Financial Centre - Adaderana Biz English

Port City Colombo secures LOLC’s and CHEC’s Investment; sets the stage for the One Billion Dollar “Colombo International Financial Centre” December, 17, 2020 Browns Investments PLC, the strategic investment arm of the LOLC Group, has entered into a landmark Agreement to partner with China Harbour Engineering Company Limited to commence the Colombo International Finance Centre Mixed Development Project in the Port City Colombo. China and Sri Lanka have long established an enduring relationship characterised by economic cooperation and societal collaboration, so this partnership further underlines the confidence and commitment to development in the country through the combination of a world-renowned Sri Lankan conglomerate and a distinguished Chinese enterprise.

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