IGT 1 OFFICIALLY ON-BOARDS AT THE BUSINESS CENTRE AT PORT CITY COLOMBO

IGT 1 Outsourcing Lanka (Private) Ltd, hereafter referred to as ‘IGT 1 Lanka’, the subsidiary of IGT Holding I Sweden AB, and sister company of IFS Sri Lanka, recently signed an agreement to officially on-board as office tenant at the Business Centre at Port City Colombo. The leasing agreement was signed by Sal Laher, IGT 1 Chief Digital and Information Officer (CDIO) and Managing Director of IGT 1 Lanka, and Xiong Hongfeng, Managing Director, CHEC Port City Colombo (Pvt) Ltd. The Parent Companies, EQT, Hg, and TA Private Equity, already have significant investments in Sri Lanka, and look to leverage the modern infrastructure and advantages offered by Port City Colombo. This milestone continues to build on their success in Sri Lanka the last 27 years with IFS, where they have over 3,000+ tech staff, and further enhances their contribution to the country's economy. 

Reinforcing the joint commitment by IGT 1 Lanka and Port City Colombo to contribute towards Sri Lanka’s emergence as a regional tech hub, IGT 1 Lanka is projected to inject at least 1,000 direct employment opportunities into the Sri Lankan economy within Port City Colombo by 2027 and foster a thriving local IT community.

 IGT 1 Lanka has agreed to lease out two office buildings of office space at the Business Centre with a planned headcount of approx. 500 employees. This advancement will augment the proposition of the Business Centre at Port City Colombo, a premier IT and business park, which aims to provide a contemporary workspace where IT businesses could operate, exchange knowledge, and drive new advancements in technology, including generative AI. 

As a registered Authorised Person (AP) approved by the Colombo Port City Economic Commission, IGT 1 Lanka will also be one of the several international IT companies to set up business operations within the area of authority of the Colombo Port City Special Economic Zone. 

‘We are pleased to announce that IGT 1 Outsourcing Lanka (Pvt) Ltd has officially on-boarded as an office tenant at the Business Centre at Port City Colombo. This instrumental partnership with IGT 1 Lanka will enable Port City Colombo to emerge as a progressive business environment that is at the forefront of technological trends in the South Asian region. We are also proud to partner on a significant venture that would support the growth of a competitive digital economy that promotes the long-term economic development of Sri Lanka,’ said Xiong Hongfeng, Managing Director, CHEC Port City Colombo (Pvt) Ltd. 

’IGT 1 Lanka has achieved several major milestones within the last year since registering as a Port City company, including serving portfolio customers based in the Americas and Europe, recruiting a workforce of 370 staff in just nine months, and today marks yet another major milestone in our journey to contract two office buildings within the IT Hub of the Business Centre at Port City Colombo. This cements our commitment and contributing to Sri Lanka as well as our strategy for growth over the next few years’, said Sal Laher, IGT 1 Chief Digital and Information Officer (CDIO) and Managing Director, IGT 1 Outsourcing Lanka (Private) Ltd. 

As a Public-Private Partnership, Port City Colombo remains committed to facilitating strategic investments including IGT 1 Lanka, and focusing on supporting streamlined and timely approval processes, with the active collaboration of the project's public and private stakeholders, to truly enhance the ease of doing business. 

To learn more about the attractive investment opportunities at Port City Colombo, please visit www.portcitycolombo.lk. For information on Single Window Investment Facilitation and regulatory matters, please visit www.portcitycolombo.gov.lk.

ABOUT PORT CITY COLOMBO 

Poised to redefine Sri Lanka’s economic and societal landscape, Port City Colombo is a visionary multi-billion dollar FDI-funded project located at the very heart of the South Asian region — the vibrant, thriving metropolis of Colombo in Sri Lanka. Positioned as the gateway to South Asia, it offers a unique combination of global investment opportunities, international business environments, world-class infrastructure, and sustainable yet cosmopolitan living. As a Special Economic Zone (SEZ), Port City Colombo will feature a business-friendly environment including tax incentives and exemptions for a 25+ year period for Businesses of Strategic Importance (BSI’s), and transactions in foreign currencies, with no capital or exchange controls, and up to 100 percent foreign ownership. With upcoming developments projected to break ground in 2025, Port City Colombo aims to emulate the successful economic models of Dubai or Singapore, whilst reinforcing the broader commitment to sustainability and liveability. 

ABOUT IGT 1 LANKA

IGT 1 Outsourcing Lanka (Private) Ltd is a 100% export-oriented company that provides IT, software development, cloud services, and BPO services to enhance global business operations by offering resources for leading international software and services companies. Through its operations, IGT1 Outsourcing Lanka (Private) Ltd expects to create a significant inflow of foreign direct investment into the country that would endorse the diffusion of knowledge, upskill talent, enhance creativity and innovation, and create over 1000+ job opportunities. The Parent Company is owned by three of the major global Private Equity investment companies - EQT, Hg, and TA Associates. To learn more about IGT 1 Lanka visit igt1sl.com.