Economy category powered by

Cypriots among interested investors for Larnaca port, Minister says

Foreign but also Cypriot investors have shown interest in the port of Larnaca, Minister of Transport, Communications and Works Alexis Vafeades has said, urging Cypriots to enter the bidding process for the port.

In statements after a 27 September meeting with the Mayor of Larnaca and the Ad Hoc Committee, the Minister referred to the development of the port and marina of Larnaca, saying that the project must be carried out in such a way as to serve the next generations.

The Minister was asked whether, given the situation in the Middle East, it is easy to find an investor for the port.

He replied that in last three months, the phone calls he has received and the reports from many people in the private sector, "encourage us that we will find an investor".

He added that Qatar is just one investor that has expressed interest.

There are, he continued, others who have expressed interest.

The Minister noted that there are also Cypriots who are interested adding that "we would like, if they can enter the bidding process, for Cypriots to get it."

(Source: CNA)

Read More

AB CarVal Investments sells 3% of its shares in the Bank of Cyprus for €4.20 per share
Patsalides’ message to the banks over the risk to their image and reputation
Christodoulides: Cabinet approving purchase of 100,000 e-IDs
Accounting Refigured: The Mediterranean’s flagship event for Accounting innovation comes to Cyprus
Cyprus to present National Strategy to develop primary sector
Agriculture Ministry to tighten penalties for halloumi PDO violations
With a €40m plant in Tseri, Olympos has become a new major player in Cyprus’ Halloumi production industry
Chief scientist holds contacts in Japan to expand collaborations
Law Office Heads exchange views on judicial matters with officials from India
European Citizens' Initiative promotes active participation and empowerment