Singapore-owned omnichannel retailer One World Duty Free (ODF) and Port City Colombo have agreed to operate the first-ever downtown duty-free store in Sri Lanka, marking a new milestone in the South Asian country.
The partnership was underscored with the formalisation of two critical agreements between ODF and the Commission, and Port City Colombo (CPCC).
Major investments in travel retail, entertainment, and leisure facilities are planned to develop Port City Colombo into a prime tourism and shopping destination.
Through the agreement, One World Duty Free is to develop and operate a 1,250-square-metre store – its first outside Singapore – at Port City Colombo in 2023, offering a range of international brands in beauty, wellness, spirits and wine, and fashion. The store will be located within Port City Duty Free Mall.
Said Keira Zhang, One World Duty Free founder and chief executive officer, “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.”
Priyath B. Wickrama, director general of the Commission, commented, “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 travellers from across the world and thus the Commission’s vision of creating Port City Colombo as a world-class touristic shopping destination.”