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Port City progresses with first $112 m and 231-unit luxury residential project breaking ground
January 26, 2026
|Daily FT
SRI Lanka's most ambitious urban development project reached a critical execution milestone, as construction officially commenced on the first residential development within Port City Colombo.
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The milestone marks the transition of the country's flagship Special Economic Zone (SEZ) from regulatory readiness to active private-sector delivery.
The project, Bay One Residences Colombo, is being developed by ICC Port City Ltd., an entity established by International Construction Consortium Ltd., (ICC), one of Sri Lanka's most established and experienced construction companies with a long track record of delivering complex, large-scale developments to international standards. The development represents one of the earliest major Sri Lankan private-sector residential investments within Port City Colombo and plays a foundational role in activating the city's mixed-use urban ecosystem.
هذه القصة من طبعة January 26, 2026 من Daily FT.
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