Financial Mirror (Cyprus)

Ayia Napa Marina boosting blue growth

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The newly-built Ayia Napa Marina will greatly contribute to developing maritime tourism in Cyprus while boosting blue growth, said Cyprus Deputy Shipping Minister Natasa Pilides.

The Minister this week visited Ayia Napa Marina berthing facilities, which opened at the beginning of June, following a trial period.

Speaking to reporters, Pilides thanked the Marina’s CEO Stavros Caramondan­is who had given her a tour of the facility, noting it was “this magnificen­t project”.

She said: “Ayia Napa Marina will upgrade maritime tourism in Cyprus and blue growth, which is one of the main developmen­t pillars of the European Union.

It contribute­s greatly to attracting quality tourists throughout the year while contributi­ng to the developmen­t of the maritime tourism sector”

Pilides was commenting on the occasion of Ayia Napa Marina opening its doors for commercial use by yacht owners on Thursday.

Caramondan­is said the Marina will contribute substantia­lly to the revitaliza­tion of the area, turning Ayia Napa into the jewel of the Eastern Mediterran­ean.

“Ayia Napa’s Marina is a unique project not only for Cyprus but for the entire Eastern Mediterran­ean, while the facility is equipped with cutting-edge technology”.

The opening of Ayia Napa Marina berthing facilities follows a Cyprus Navy exercise at the facilities of the marina which saw five vessels participat­e in a trial run to test the technical specificat­ions and operationa­l capabiliti­es of the marina that is currently under constructi­on.

A military source had told CNA that provisions were made in the marina’s technical specificat­ions, at the suggestion of the constructi­on company, to be able to host Cyprus naval vessels.

The same source also indicated the marina’s strategic and operationa­l importance for the Famagusta District, which is separated from the rest of the Republic by the adjacent British Bases.

The marina can accommodat­e large vessels such as cruise ships.

Commercial and real estate constructi­on on the

site, halted during the pandemic, restarted on 21 May and is gradually picking up speed, the project’s Marketing Manager Savvas Christodou­lou told the Financial Mirror.

Christodou­lou said: “The commercial zone is expected to be completed by the end of the year and housing developmen­t will be completed by the end of 2022, while constructi­on works on the housing facilities are expected to be completed sometime towards the end of 2023.

“It is important to note that, as the agreement with the state provides, we have delivered the berths and buildingre­lated to administra­tion and, which have already begun to receive boats.”

The Marina project will also offer 220 luxury apartments in two towers, 35 luxury villas, a marina with significan­t mooring capacity and world-class facilities for 600 yachts, a shipyard, and a series of select shops and restaurant­s offering services and amenities for those living in, and visiting, the marina.

Billionair­e Egyptian investor Naguib Sawiris in 2017 launched the EUR 300 mln project in partnershi­p with Cypriot entreprene­ur Stavros Caramondan­is.

The project, developed by Makronisos Marina and contracted to Terna AE of Greece, includes commercial and residentia­l property of 30,000 sqm and employ 800 people during the constructi­on phase while creating 200 jobs for its operation.

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