Cyprus has historically attracted significant investment and participation from the UK in various economic sectors, but there is scope for more cooperation to further strengthen the bilateral relationship and strategic ties of the two countries.

Inward investment can serve as the best proof for investors’ confidence in Cyprus, which is excelling in traditional, but also new emerging sectors of the economy. The stability, access to other markets and the European base the island offers, makes Cyprus the perfect partner for UK economic and trade interests.

Cyprus and the UK have a strong partnership in multiple areas, but which sectors are providing the most investment potential at the moment? How can Cyprus facilitate more business from the UK and make itself even more attractive to British investors?

Cyprus offers a comprehensive business ecosystem making it a compelling prospect for Indian enterprises setting their sights on Europe, and there is considerable room to enhance the current trade volumes and investment flows between Cyprus and India.

India and Cyprus have a strong relationship and have been fostering closer economic and political ties in the last few years. In terms of investment, what kind of activity has Cyprus attracted from India and what type of Indian foreign direct investment would you like to see in the future?

India and Cyprus have a longstanding friendship which is being reinforced by new efforts to increase mutual investment activities and promote deeper business cooperation in multiple economic sectors.

The success of Indian start-ups and the growing start-up ecosystem in Cyprus present a significant opportunity for cross-border collaboration and expansion. Prospects for partnerships in areas such as IT, software development, and fintech are significant.

Cyprus and India are currently deepening their bilateral ties in terms of trade and investment. Which sectors of the Cyprus economy could provide the most investment potential for India at the moment, and how can Cyprus facilitate more business from Indian investors?

Cyprus and India have placed strong focus on further strengthening their bilateral relations. What are the key pillars that form this diplomatic relationship and how do you see this partnership developing in the future?

Amidst stiff competition from other destinations, Cyprus must leverage its inherent advantages to cement its position as a prime tourism investment hub. This includes enhancing infrastructure, providing excellent service, and promoting sustainability, as well as leveraging digital and technological advancements.

Cyprus is a modern, efficient and integrated maritime centre and is among the largest shipmanagement centres in the world and the largest in Europe. This, coupled with the number of fiscal and economic advantages offered by the Cyprus maritime administration has prompted companies to set up fully fledged offices on the island.

The agriculture sector continues to be a vital economic sector with plenty of development opportunities. The encouragement of cross-sector cooperation in the agri-food sector could lead to smart solutions which may be applied to the entire agri-food supply chain.

The influx of global companies investing in Cyprus has been instrumental in enhancing its reputation as an emerging tech hub and showcasing its potential, bringing in financial resources and introducing global expertise and networks that further enrich the local tech ecosystem.

Customers are more educated on the real estate market than ever before. They have choice and will scrutinise the options available with far more detail. Comprehensive developments continue to attract interest, while trends in sustainable and eco-friendly buildings are on the rise.

The digital transformation of our society creates large pools of data that become an important asset for companies. Specialised cyber insurance products are now in the portfolios of most Cyprus insurance companies, and we are also expecting to see a shift to more complex coverages for new generation vehicles. 

The banking sector will continue to perform well, supporting local economic activity and corporate demands. At the same time, profitability will increase further as the economy grows and develops, strengthening the capital bases of banks.

Cyprus and the United Arab Emirates enjoy established and strong relations with both countries eager to find opportunities and make bigger investments in many fields of mutual interest, especially in hydrocarbons and renewable energy, says Ambassador Sultan Ahmed Ghanem Al Suwaidi.

The energy sector presents significant potential to further strengthen cooperation between Cyprus and Egypt, however, shipping, retail, financial services, health, and technology also offer many opportunities to attract higher levels of Egyptian investment to Cyprus, says Ambassador Ioannou.

Q: Cyprus and the United Arab Emirates have friendly relations and a long history of cooperation. In terms of investment, what key projects in Cyprus have attracted participation from the UAE, and what type of foreign direct investment would you like to see from the Emirates in the future?

Cyprus and Saudi Arabia have witnessed significant momentum in strategic bilateral and multilateral relations, both politically and economically. Cyprus is a high-growth market which offers significant opportunities for Saudi companies and investors across a range of sectors such as tourism, technology and energy, says Ambassador Stavros Avgoustides.