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Agia Napa Investments

Marina Project, Agia Napa

AN EGYPTIAN businessman will invest some €220 million in the construction of the Ayia Napa marina, it emerged...

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 said the Egyptian investor had come to an agreement with the consortium that planned to build the marina in the Ayia Thekla area, Agia Napa District.

The project is of great importance to Cyprus,” Lakkotrypis said outside the presidential palace. Work on the marina was expected to start summer of 2015 and talking will be an ambitious and beautiful project in Mediteranian.

“It is a project that will enrich our tourist product, in line with the objective of the new strategy,”...

Sawiris said he had opted to invest in Cyprus “because we believe in this country” which has beautiful beaches, beautiful places, good quality of life.

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.

Sk Webline Ltd
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