Since May 2019, there has been significant progress with the all-important piling works completed and the ground works and sub-structure for the hotel also finished in September.
Contractors Avax-Terna JV aims to deliver the building structure over the next nine months using proven and state-of-the-art fast track methods of construction such as system formwork and prefabricated structural steel.
This will enable the hotel and casino fitting-out works to start in the summer of next year, allowing City of Dreams Mediterranean to meet its estimated target to open its doors to the public by the end of 2021.
Deputy Minister of Tourism Savvas Perdios and government officials have toured the site in Limassol.
Property President of City of Dreams Mediterranean, Craig Ballantyne, said it will be a “real landmark for Cyprus, establishing the island as a unique destination for leisure and entertainment”.
Andy Choy, Chief Operating Officer at Melco said the ICR aims to attract high-value visitors from around the world.
“This ground-breaking project is expected to attract an additional 300,000 tourists on an annual basis, therefore having a multiplier effect on the local economy. Additionally, the ICR, as an alternative form of tourism, will assist in expanding overall tourism to Cyprus, helping to overcome seasonality and establishing Cyprus as an all-year destination”, Choy said.
Melco said several major subcontracts have been awarded to local contractors allowing the construction to start quickly and rapidly progress, while supporting the local economy.
Avax-Terna JV will provide manpower and resources for works related to the ICR construction project during 2020 and 2021. This will also form part of the 4,000 local job opportunities to be created during the entire construction period.
ICR project by numbers
City of Dreams Mediterranean will be located in Zakaki, Limassol. It will feature a 16-storey Five-Star hotel with 500 guest rooms and suites as well as MICE (Meetings, Incentives, Conventions, and Exhibitions) facilities comprising 9,600 sqm.
The gaming area covers a total 7,500 sqm and will include over 100 tables and 1,000 state-of-the-art gaming machines.
Its interior design is personalised specifically for the Cyprus ICR, while the exterior design features distinct Mediterranean influences.
Important to the local economy, the opening of the casino complex at the end of 2021, will offer 2,400 permanent jobs, establishing Melco as one of the biggest employers on the island.
“City of Dreams Mediterranean is being built according to the highest sustainability standards and adapted to the natural environment of the surrounding area,” said Melco.
“It aims to inspire guests by seamlessly integrating sustainability in their experience, demonstrating that a sustainable future is a better future,” it added.
Melco commits to achieve carbon-neutrality and zero waste across its resorts, including City of Dreams Mediterranean.
Source: Financial Mirror