Marios Tannousis: PPPs are very important for unlocking local as well as foreign direct investments

Invest Cyprus CEO Marios Tannousis kicked off the “Unlocking Investment Through PPP International Summit” at the Hilton Nicosia, saying the aim was to explain why public-private partnerships (PPPs) are important for unlocking local as well as foreign direct investments.

“This is the first time that a conference of such magnitude is taking in Cyprus,” said Tannousis, adding that PPP experts are present to help local stakeholders structure and incorporate PPPs in the island’s investment policy.

Organised by Invest Cyprus, the World Association of Investment Promotion Agencies (WAIPA) and the World Association of PPP Units & PPP Professionals (WAPPP), the conference is titled “Unlocking Investment Through PPP International Summit”.

PPPs are vital for fostering innovation, improving infrastructure, and enhancing public services. By leveraging the strengths of both sectors, PPPs combine the efficiency, expertise, and resources of the private sector with the public sector's access to large-scale projects and social responsibility. This collaboration enables governments to undertake large, complex projects that might be financially or logistically challenging alone, such as building infrastructure, improving healthcare, or advancing technology.

Additionally, PPPs help distribute risks and rewards, ensuring that projects are completed on time, within budget, and to a high standard, ultimately benefiting society as a whole.

Key topics to be addressed:

• The Importance of PPPs and FDI
• Global Challenges, Trends and Direction
• Utilising PPP to Unlock Investment
• What are PPPs and Why Are They Important for Economic Development?
• Why is FDI Important for Economic Development and How can PPPs Contribute to it?
• Benefits and Challenges of PPPs
• Best Case Studies for FDI in Countries with Testimonials from Experts
• Review of the Legal Framework and
• Contractual Best Practices for PPPs
• Workshop: How to Prepare Attractive Investable Projects and How to Promote Them Effectively to the Right FDI Investors.

The Summit is addressed to Cyprus government officials involved in PPP, C-level executives of companies from all sectors of the economy involved or interested in PPP or PPI, and members of WAPPP and WAIPA.

The Summit has been organised by Invest Cyprus, the World Association of Investment Promotion Agencies (WAIPA) and World Association of PPP Units & PPP Professionals (WAPPP).

EY Cyprus is Gold Sponsor, Hermes Airports is Silver Sponsor, and the European Investment Bank is the Knowledge Sponsor.

It is being coordinated by IMH and is taking place under the auspices of the Republic of Cyprus.