Cyprus-Le­banon fo­rum to ex­plore trade and in­vest­ment op­por­tu­ni­ties

Financial Mirror (Cyprus) - - FRONT PAGE -

A Cyprus-Le­banon fo­rum will be held in Li­mas­sol next month where in­dus­tri­al­ists, en­trepreneurs and busi­ness­men from both coun­tries will demon­strate their prod­ucts and ser­vices.

The Cyprus-Le­banese Trade As­so­ci­a­tion, un­der the um­brella of the Cyprus Cham­ber of Com­merce and In­dus­try, said that a to­tal of 100-150 com­pa­nies from Le­banon and Arab coun­tries have shown a great in­ter­est in in­vest­ing in Cyprus, mainly due to the political de­vel­op­ments in the re­gion.

Some of th­ese com­pa­nies tak­ing part in the fo­rum on 1921 Fe­bru­ary have al­ready been co­op­er­at­ing with Cyprus in­dus­tri­al­ists and busi­ness­men but the political tur­moil has made it even more ur­gent for them to seek a safe place for busi­ness and for a se­cond res­i­dence.

As­so­ci­a­tion Pres­i­dent An­to­nis Had­jirous­sos said that the fo­rum seeks to at­tract a large num­ber of Le­banese and Arab busi­ness­men op­er­at­ing in Le­banon with the aim to in­vest in ar­eas such as tourism, prop­er­ties, ser­vices, in­dus­try etc and to ex­plore the pos­si­bil­i­ties in other ar­eas as well.

He said that there is a con­tin­u­ous and grow­ing in­ter­est on be­half of Le­banese com­pa­nies and the Fo­rum will give the op­por­tu­nity to fur­ther ex­pand and en­hance the co­op­er­a­tion.

Ac­cord­ing to Had­jirous­sos, the Cyprus econ­omy was faced with great chal­lenges but has now turned a page. He pointed out that Cyprus of­fers a good qual­ity of life with many ad­van­tages, a re­mark­able en­vi­ron­ment, award win­ning beaches and se­cu­rity.

He pointed out that Cyprus is one of the most pop­u­lar coun­tries for one to get cit­i­zen­ship, has ex­cel­lent in­fra­struc­ture, adding that the cit­i­zens of the Re­pub­lic of Cyprus en­joy un­lim­ited trips to Euro­pean coun­tries and 140 coun­tries with­out visas and that cit­i­zens of non EU coun­tries can ob­tain Cypriot cit­i­zen­ship by in­vest­ing here, if they meet the cri­te­ria set by the Govern­ment.

Mazen Farah, Di­rec­tor of con­sult­ing com­pany COMED Int’l which is co-or­gan­is­ing the fo­rum, said that the event will be a meet­ing plat­form spe­cialised for busi­ness­men and traders who have the ob­jec­tive to cre­ate and es­tab­lish new mar­kets.

All busi­ness­men, he said, as­so­ci­ated with in­dus­try, trade, agri­cul­ture, ser­vice, real es­tate and tourism sec­tor should have the in­ter­est to par­tic­i­pate and in­tro­duce their com­modi­ties and ser­vices.

He added that a full ad­ver­tis­ing cam­paign will take place in Le­banon and Cyprus and in­vi­ta­tions will be sent out to Cypriot in­dus­tri­al­ists, whole­salers and com­pa­nies to at­tend. The aim is to cre­ate part­ner­ships be­tween the busi­nesses in both coun­tries in the fields of tourism, bank­ing, real es­tate, in­for­ma­tion tech­nol­ogy, in­dus­try, oil and gas and joint co­op­er­a­tion.

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