Cyprus meets all the requirements to become a global and investment hub, says the Major Development Association, adding that its 15 members have some of the €8 billion worth of major development projects in their portfolio.
The projects under consideration, the Association said in a statement, “confirm that the contribution of the major development sector is truly enormous, with construction employing more than 40,000 manufacturers on a permanent basis, confirming its contribution to both GDP and job creation. After all, this is no coincidence: it was one of the main sectors of the Cyprus economy.”
The projects under consideration, the Association said in a statement, “confirm that the contribution of the major development sector is truly enormous, with construction employing more than 40,000 manufacturers on a permanent basis, confirming its contribution to both GDP and job creation. After all, this is no coincidence: it was one of the main sectors of the Cyprus economy.”
According to the Major Development Association, in addition to the Mediterranean City of Dreams, which is one of the most important development projects ever implemented in Cyprus, with a total investment exceeding €600 million, the Marinas of Limassol and Ayia Napa have already opened.
For the public, Neapolis Smart Eco-City is an important multifunctional complex that creates a number of new jobs. It is also expected to attract foreign companies to locate in the business park, as well as a large number of students, which will further contribute to the development of Paphos and Cyprus as a whole.
For the public, Neapolis Smart Eco-City is an important multifunctional complex that creates a number of new jobs. It is also expected to attract foreign companies to locate in the business park, as well as a large number of students, which will further contribute to the development of Paphos and Cyprus as a whole.
In addition, the Major Development Association reports that the Limassol Hills Golf Resort development project will include, among modern ones, a biological water treatment plant, a photovoltaic park and public green areas. During its implementation, about 2,700 people were employed during the construction phase and about 750 more people during the operation of the resort.
“The completion of the project is expected to increase traffic in the area and create new jobs in the regenerated communities. The state already has millions in revenue from compensation fees, and in the future it will equally benefit from direct and additional taxes.
“The completion of the project is expected to increase traffic in the area and create new jobs in the regenerated communities. The state already has millions in revenue from compensation fees, and in the future it will equally benefit from direct and additional taxes.
The Eagle Pine golf resort in the province of Limassol also brings benefits to the state amounting to 200 million euros or more. The total investment amounts to approximately 500 million euros, which, of necessity, will employ 300 people in construction and on construction sites over the next 10 years. To operate the leisure elements at the resort - golf courses, clubs, hotels and shopping centers - employ 200 employees.
Limassol Greens in Limassol is bringing a similar influx to the state treasury, with a total investment value of €400 million. As part of this project, 350 direct and 800 additional jobs will be created.
An innovative and comprehensive development project, the Minthis resort in Paphos, on a land area of 5 million square meters, the total investment value is estimated at 500 million euros. A development that has created 500 permanent jobs, while a large number - about 800 people - are employed in construction work.
Limassol Greens in Limassol is bringing a similar influx to the state treasury, with a total investment value of €400 million. As part of this project, 350 direct and 800 additional jobs will be created.
An innovative and comprehensive development project, the Minthis resort in Paphos, on a land area of 5 million square meters, the total investment value is estimated at 500 million euros. A development that has created 500 permanent jobs, while a large number - about 800 people - are employed in construction work.
In addition, the Association of Major Developments reports that the Eagle Pine golf resort in the province of Limassol also provides a public benefit in the order of €200 million and above, and Limassol Greens also pays a corresponding influx in the public penalty. As reported in Limassol, the total investment value is €400 million.
Finally, the Association reports that an innovative and comprehensive development project is the Minthis Resort in the province of Paphos, on a land area of 5 million square meters, with a total investment estimated at 500 million euros.
Finally, the Association reports that an innovative and comprehensive development project is the Minthis Resort in the province of Paphos, on a land area of 5 million square meters, with a total investment estimated at 500 million euros.
