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Singapore’s One World Duty Free, Port City Colombo sign to operate Lanka’s first downtown duty free store

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Director, Commercial and Operations of the Commission, Dimantha Kinigama, Yang Lu Managing Director CHEC Port City Colombo, Dr. Priyath Wickrama, Keira Zhang and Eric Ou Deputy Managing Director, CHEC Port City Colombo at the lease agreement signing ceremony.

Marking a major step in one of South Asia’s most transformative development projects, Singapore-owned omnichannel retailer, One World Duty Free and Port City Colombo have signed two agreements to operate Sri Lanka’s first-ever downtown duty-free store.

One World Duty Free (ODF) and the Colombo Port City Economic Commission (Commission) have taken a pivotal step in their alliance this week. ODF’s Founder and CEO Keira Zhang ratified their commitment to a strategic partnership aimed at shaping Port City Colombo’s global trajectory.

The partnership was underscored with the formalisation of two critical agreements and these agreements, embodying their shared vision, lay the groundwork for ODF to transform Port City Colombo into an eminent global duty-free retail hub.

Keira Zhang, Founder & CEO of One World Duty Free, commented: “In our partners at Port City Colombo, we recognise a level of ambition which is perfectly aligned with One World Duty Free’s game-changing approach to duty-free retail. The opportunity to showcase our credentials on the world stage and contribute to the creation of a landmark destination in Asia is a key milestone in One World Duty Free’s journey of progressive expansion across Asia.”

One World Duty Free (ODF) –Singapore-owned omnichannel duty-free operator – is set to develop and operate a 1,250 square metre duty free store at Port City Colombo, offering a curated mix of international brands spanning Beauty, Wellness, Spirits& Wines and Fashion. ODF’s first retail store outside of Singaporewill be nestled within a 7,000 square metre shopping oasis,Port City Duty Free Mall, primely positioned amidst a throng of international prestige hotels and casinos that promise a diverse and affluent customer base of tourists, expatriates, and locals.

Construction of the ODF store is slated to commence from mid-2023, with trading planned to kick off by year’s end.

Dr. Priyath B. Wickrama, Director General of the Commission and Commission Member of the Colombo Port City Economic Commission, commented: “In order to make our vision for Port City Colombo a reality, we have sought out best-in-class partners that can bring fresh thinking and innovation. One World Duty Free’s technology-led ethos and commitment to delivering memorable consumer experiences will play a critical role in ensuring we deliver a compelling retail offer to travellers from across the world and thus the Commission’s vision of creating Port City Colombo as a world-class tourist shopping destination.” Both parties stand poised to redefine the economic future of Port City Colombo, taking it from a burgeoning commercial nucleus to a premier duty-free retail hotspot.

 

Thursday, May 25, 2023 – 01:00











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