Sri Lanka's State Minister for Investment Promotion, Dilum Amunugama, announced in Parliament that the much-anticipated Colombo Port City project is set to be officially launched for investors in Dubai and Abu Dhabi on the 26th of this month. Amunugama also disclosed that 17 investors have already expressed their interest in investing in this ambitious development.

The State Minister further revealed that a potential name change for the project is under consideration, from "Port City of Colombo" to "Colombo Financial City," signaling its focus on becoming a financial and investment hub in the region.

These announcements were made during a parliamentary debate on the adoption of regulations related to the Colombo Port City. Amunugama emphasized that once the new regulations are approved, significant advancements in the Port City project are expected, allowing investors to commence their initiatives.

The Colombo Port City project, a joint venture between Sri Lanka and China, is envisioned as a pivotal financial and business district that will stimulate economic growth, create jobs, and bolster Sri Lanka's position as a regional economic powerhouse.