In the wake of the recent rebranding of the Port City investment project as the "Colombo Financial City" in a ceremony held in Dubai, Sri Lanka is witnessing the first wave of investments with the arrival of four investors from a prominent Chinese company at Katunayake Airport.

Sophia Li, the General Manager of CZK Huarui International Culture and Art, a semi-state company in China, led the delegation, signifying a significant step in the implementation of the ambitious Colombo Financial City project. These investors arrived based on agreements reached with the Sri Lanka Board of Investment and the Sri Lanka Ministry of Investment Promotion following a recent visit by State Minister for Investment Promotion, Dilum Amunugama.

The primary focus of this initial investment, valued at a substantial US$ 50 million, is to establish a gem museum, an affiliated gem testing laboratory, and a gem auction center within the Colombo Financial City. This endeavor highlights the growing interest in Sri Lanka's rich gemstone industry.

In addition to this gem-related project, the Chinese investors have plans to invest a further US$ 150 million to establish an electric vehicle assembly factory under the aegis of the Sri Lanka Board of Investment. This strategic investment aligns with the global trend towards sustainable transportation solutions and showcases the growing partnership between China and Sri Lanka in various sectors.