Doing Business in Cyprus (UAE Edition)
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
DOING BUSINESS C YPRUS<br />
30<br />
UNITED ARAB EMIRATES EDITION<br />
Artist Impression: City of Dreams Mediterranean<br />
Artist Impression: Grand Hyatt Limassol<br />
Artist Impression: Ritz-Carlton Residences<br />
IMajor <strong>in</strong>vestments have also<br />
of land for development surround<strong>in</strong>g the<br />
new <strong>in</strong>tegrated cas<strong>in</strong>o resort <strong>in</strong> Limassol.<br />
been made <strong>in</strong> the hospitality<br />
The dest<strong>in</strong>ation and value of the area are<br />
set to be elevated by this key real estate<br />
<strong>in</strong>dustry with acquisitions<br />
<strong>in</strong>vestment.<br />
and the construction of new<br />
Proposals <strong>in</strong>clude the development<br />
of exclusive seven-star facilities<br />
luxury hotels by renowned<br />
provid<strong>in</strong>g bespoke services for owners<br />
hotel management cha<strong>in</strong>s<br />
and <strong>in</strong>vestors. Plans are also <strong>in</strong> place<br />
for additional <strong>in</strong>vestment by the former<br />
majority shareholder of telecoms start-up Viber <strong>in</strong>to the further expansion of the area<br />
<strong>in</strong> the future – which is a solid vote of confidence <strong>in</strong> the vast growth potential of <strong>Cyprus</strong>.<br />
Follow<strong>in</strong>g the success of Limassol Mar<strong>in</strong>a, more <strong>in</strong>vestment has flowed <strong>in</strong>to mar<strong>in</strong>a<br />
developments on the Cypriot coast. The €300 million luxury Ayia Napa Mar<strong>in</strong>a is under<br />
construction with berth<strong>in</strong>g facilities and a commercial village now fully operational.<br />
The mar<strong>in</strong>a offers capacity for 600 yachts of up to 60 metres, a shipyard, and a range of
Change language