NICOSIA – With President Nicos Anastasiades saying Cyprus is on the road to recovery, investors are showing keen interest in pouring money into the country.
Fund managers from companies such as Goldman Sachs, the Bank of America, Societe Generale, HSBC and at least 15 funds from the Arab world, listened to officials during the two-day Cyprus Investors Summit, trying to persuade them about stability and a looming comeback.
Antenna TV reported that high on the list was the Mall of Cyprus in Nicosia and the Limni Bay Resort, both operated by the Shacolas Group, the Venus Rock resort in Paphos, the Nicosia City Mall in Lakatamia, as well as other mostly property related projects.
The investors Mohammed Elqeheisi from Saudi Arabia and Colin Wright from the Buena Vista Groupl
Other projects presented at the summit included the Makronisos Marina, Lord Byron Tower, Sandarosa Tower, Neapolis Eco City in Paphos, Vasa Gold Resort, Macedonitissa States, Pafilia Tower and Limassol Landmark, St Elizabeth Gold Resort, Elea Estates, Pavilion Business Center and the Delmar in Limassol.
The Cyprus Investment Promotion Agency (CIPA) presented 18 major projects and Finance Minister Haris Georgiades and Privatisations Commissioner Constantinos Herodotou talked about the government’s plan to sell state-owned companies.