Prime Melwa to invest $112mn in development in Sri Lanka’s Port City

Prime Melwa to invest $112mn in development in Sri Lanka’s Port City

ECONOMYNEXT — Sri Lanka’s Prime Melwa (Private) Limited will invest 112.2 million US dollars and 15.9 billion rupees to build a landmark mixed-use waterfront project within Colombo Port City, following Cabinet approval to designate it as a Primary Business of Strategic Importance. The designation grants the development project exemptions and incentives under Section 53 of the Colombo Port City Economic Commission Act No. 11 of 2021, which requir…

Cabinet clears $112M Port City waterfront project

The Cabinet of Ministers has approved the designation of Prime Melwa (Private) Limited as a Primary Business of Strategic Importance, paving the way for tax exemptions and other incentives for its planned USD 112.2 million (approximately Rs. 15.9 billion) mixed-use development at Colombo Port City.

Prime Melwa Commits $112 Million to Transform Sri Lanka’s Port City Development

FINANCIAL CHRONICLE — Melwa (Private) Limited, a company based in Sri Lanka, has received Cabinet approval to invest $112.2 million and 15.9 billion rupees in a significant mixed-use waterfront de…

Cabinet approves landmark Waterfront Project in Colombo Port City

The Cabinet of Ministers has approved a proposal to designate Prime Melwa (Pvt) Ltd as a primary enterprise of strategicContinue Reading