Ayia Napa marina investment Sun, 2 Aug 2015

Ayia Napa marina investment

AN EGYPTIAN businessman will invest some €220 million in the construction of the Ayia Napa marina, it emerged on Monday. Naguib Sawiris was received by President Nicos Anastasiades who later tweeted: “We welcome the highly important €220 million investment by Orascom in Ayia Napa.” Energy and Tourism Minister Giorgos Lakkotrypis said the Egyptian investor had come to an agreement with the consortium that planned to build the marina in the Ayia Thekla area. “The project is of great importance to Cyprus,” Lakkotrypis said outside the presidential palace. Work on the marina was expected to start mid-2015. “It is a project that will enrich our tourist product, in line with the objective of the new strategy,” the minister said. Sawiris said he had opted to invest in Cyprus “because we believe in this country” which has beautiful beaches. The Egyptian businessman said he expected the project to be completed in three years. It will include a marina, a luxury hotel, villas and apartments. He said the aim was to promote Ayia Napa as a top tourist destination.


Read more at: http://www.news.cyprus-property-buyers.com/2015/01/26/ayia-napa-marina-investment/id=0048485


News

Cyprus property prices point to an accelerating growth, according to the THIRTIETH edition of the RICS (Cyprus) Property Price Index.

Cyprus property prices point to an accelerating growth, according to the THIRTIETH edition of the RICS (Cyprus) Property Price Index.

Cyprus residential and commercial real estate prices point to a continuous rapid growth according to THE THIRTIETH publication of the RICS Cyprus Property Price Index...

Demand for Real Estate Keeps Trending up in Cyprus

Demand for Real Estate Keeps Trending up in Cyprus

Real Estate Demand in Cyprus Keeps Becoming Stronger...

Strong Growth in Cyprus Property Sales

Strong Growth in Cyprus Property Sales

Strong growth in Cyprus property sales

CYPRUS’ GOLDEN VISA PROGRAM RAISES 4 BILLION EURO

CYPRUS’ GOLDEN VISA PROGRAM RAISES 4 BILLION EURO

CYPRUS’ GOLDEN Visa Program that gives foreigners residency permit or citizenship in exchange of investment in real estate has fetched €4 billion in revenue to Cyprus in the past one year.

Reasons for optimism in the Cypriot construction sector

Reasons for optimism in the Cypriot construction sector

The future of the island’s construction sector is optimistic, but repeating the illegal and short-sighted practices of the past will have extremely negative consequences on everyone.

Company Profile

A&R Cyprus-Greece Fine Properties, Ltd (A&R CGFP) is a diversified real estate services provider, exclusively representing overseas buyers and investors who are looking to buy fine residential or income producing commercial real estate properties in Cyprus and Greece. Our team has over 70-years of combined experience in the global capital markets and a deep understanding of the local real estate and financial markets of Cyprus and Greece.

Read more ...