Ayia Napa project showcased to UAE investors

Naguib Sawiris has started marketing his €220 mn Cypriot luxury real estate project, Ayia Napa Marina, to investors in the UAE, according to press reports.

The project will create Ayia Napa’s first “elite area,” Sawiris said. Sawiris and his Cypriot business partner Stavros Caramondanis said they are seeking to replicate the Dubai’s lavish property skyline on the Mediterranean with the project, explaining that Cyprus, like Dubai, offered a business-friendly and safe environment for investment.

Less seriously, Sawiris says “if you don’t drink, you don’t like partying, music or tranquillity and beauty and you don’t like boats, snorkelling, surfing… we would not want you.”

Source: Enterprise

Cyprus Profile

articles | 31 January 2017