IGT 1 on-boards at The Business Centre at Port City Colombo

IGT 1 Chief Digital and Information Officer (CDIO) and IGT 1 Lanka Managing Director Sal Laher (right) and CHEC Port City Colombo Managing Director Xiong Hongfeng with leasing agreement signed between two organisations along with officials 

• Venture is a subsidiary of IGT Holdings 1 Sweden, and sister company of IFS Sri Lanka 
• To contribute towards Sri Lanka’s emergence as regional tech hub, as IGT 1 Lanka is projected to inject at least 1,000 direct employment opportunities

IGT 1 Outsourcing Lanka Ltd. (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 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 approximately 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. 

CHEC Port City Colombo Ltd. Managing Director Xiong Hongfeng said: “We are pleased to announce that IGT 1 Outsourcing Lanka 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.”

IGT 1 Chief Digital and Information Officer (CDIO) and IGT 1 Lanka Managing Director Sal Laher said: “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.”

As a Public-Private Partnership, Port City Colombo said it 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.