Ajlan Group teams up with CHEC

1 January, 2023
The exchange of the agreement

Ajlan and Bros Holding Group (or Ajlan in short) is one of the largest comprehensive conglomerate holding group in the Middle East, Ajlan has established its presence in over 25 countries, with 75 companies in the fields of power, environment, industrial manufacturing, healthcare, tourism, technology, retail, real estate, garments and textiles, mining, water, FMCG, logistics, finance and fintech and entertainment and gaming.

Ajlan is a well-known Saudi garment manufacturer and trading company, and one of the largest real estate developers in Saudi Arabia.

Ajlan and Brothers Holdings inked a strategic cooperation agreement with CHEC in Riyadh, Kingdom of Saudi Arabia recently, forming a strategic partnership to jointly develop Port City Colombo and several key pilot developments worth more than USD 1.3 billion, including Colombo International Financial Centre (CIFC) Phase 1, Marina Waterfront Commercial and Marina Hotel, Super Luxury Villa and Golf Development within the coming years, kicking start the much-anticipated vertical development and business activities with the Port City Special Economic Zone (SEZ).

Port City SEZ is the first of its kind export oriented SEZ for modern services within the region, catering for ICT, Financial Services, Professional Services, Logistics and Maritime Services, Digital Education, and Tourism and MICE.

– Sunday Observer Sri Lanka

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