The city will be administered by Colombo Port City Economic Commission, with a board appointed by the President of Sri Lanka and a Director General. The Special Zone is expected to bring a variety of investments including offshore banking to boost economic activity. Sri Lanka’s Economic Commission will regulate gaming activities and license procedures in light of a $1.4bn project by the state-owned Chinese engineering firm Local media in Sri Lanka reported that a Chinese-controlled special economic zone, to be established in Colombo Port City will soon have a regulation that will cover gaming. This draft law will be presented in parliament…
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