In­vestors pay € 25 mln de­posit for Ayia Napa ma­rina

Financial Mirror (Cyprus) - - FRONT PAGE -

M.M. Makro­nisos Ma­rina Ltd., de­vel­oper and op­er­a­tor of the EUR 220 mln Ayia Napa ma­rina project, has sub­mit­ted a EUR 25 mln de­posit to the Cyprus gov­ern­ment and work is ex­pected to get un­der­way with the rel­e­vant per­mits al­ready is­sued.

The 600-berth project, that in­cludes Egyptian in­vestor Naguib Sawiris as one of its strate­gic part­ners, is ex­pected to be com­pleted by 2018 and will be able to ac­com­mo­date mega yachts of up to 60m (180ft).

Ayia Napa Mayor Yia­nis Karousos said he was es­pe­cially happy as this project will gen­er­ate jobs at a time when Cyprus is suf­fer­ing from a 16% un­em­ploy­ment rate, while des­ig­nat­ing the ma­rina as an of­fi­cial port of en­try will mean a ma­jor boost to the area’s tourism pro­file.

The Mu­nic­i­pal­ity has re­cently ap­proved the town plan­ning per­mits that will al­low for the sale of res­i­den­tial and com­mer­cial plots with the Cara­mon­dani Group as the main part­ner of the project.

The per­mits in­clude hol­i­day homes, apart­ments, of­fi­cial build­ings and in­fra­struc­ture ser­vices, such as roads, fa­cil­i­ties, ac­cess and pave­ments.

Newspapers in English

Newspapers from Cyprus

© PressReader. All rights reserved.