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Port City Colombo to Become Catalyst for Sri Lanka’s Economic Development with New International University

Port City Colombo is poised to drive Sri Lanka’s future economic development by opening opportunities for local and international university students to pursue studies in diverse fields.

Meeting the regional demand for undergraduate and postgraduate programs in engineering, information technology, business studies/management, finance, marketing, and medicine, this multi-services Special Economic Zone aims to address brain drain and reduce the current skill gap in the local employment market.

An international university, renowned for its research and development, will soon be established in Port City Colombo, positioning Colombo as a strategic regional hub for tertiary education. Situated on a 2.5-hectare plot adjacent to an international school, the university will house several key faculties staffed by acknowledged subject matter experts, offering both undergraduate and postgraduate degrees to an estimated 3,000 to 4,000 students.

The university will offer a comprehensive academic program in medicine, supporting Port City Colombo’s vision of providing world-class learning and training facilities that encourage prospective medical students to study locally.

“With several medical students migrating overseas due to limited university placements in Sri Lanka and attractive postgraduate work permit programs, the university will create a thriving ecosystem where these students can acquire the skills and competencies required for a successful career in medicine,” said Port City Colombo officials.

This initiative includes potential partnerships with the teaching school at the proposed international hospital in Port City Colombo.

By offering degrees in technology, the international university will also support the growth of Sri Lanka’s IT sector, currently the third-largest foreign exchange earner for the country. Degree programs in STEM fields will be a significant focus, aiming to produce more STEM graduates and make Sri Lanka more globally competitive.

Currently outpaced by STEM graduates from countries such as Singapore, India, and China, Sri Lanka will benefit from the university’s contribution to creating a highly skilled workforce capable of driving the country’s ambitious growth targets in the coming decades.

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