Limassol Hosts International Investment Conference
The picturesque city of Limassol is currently abuzz with the Great Britain-Cyprus Business Association’s International Investment Conference 2024, where the focus is on fortifying business networking between Great Britain and Cyprus. The conference, which is set to wrap up on Friday, has already seen influential figures take the stage to discuss top investments and future economic prospects.
In a significant address, the Deputy Minister of Shipping highlighted the Cyprus Maritime Administration’s dedication to supporting the shipping industry amidst current challenges. Deputy Minister Hadjimanoli conveyed an optimistic outlook for the sector, underlining initiatives to bolster competitiveness and promote shipping. She underscored the importance of the maritime cluster’s expansion in Cyprus, hinting at a future ripe with high yield investments and success.
The Deputy Minister also recalled the recent signing of a Memorandum of Understanding with the UK, strengthening diplomatic and economic ties. She took attendees through a historical journey, emphasizing Cyprus’s longstanding role as a strategic maritime hub at the junction of three continents. Cyprus’s commitment was further evidenced by the establishment of the Deputy Ministry of Shipping in 2018 and a notable 5.5 percent increase in ships flying its flag recently.
Deputy High Commissioner of the UK in Cyprus, Ben Rowlings, addressed the conference next, focusing on global challenges such as geopolitical instability and economic crises. He highlighted the UK’s commitment to investment as a key growth driver and lauded Cyprus for its resilience and leadership in various sectors. Rowlings pointed out Cyprus’s strategic objectives to attract good investments in finance, shipping, and technology sectors.
Savvas Kyriakides, President of the Great Britain-Cyprus Business Association, concluded with remarks on the burgeoning cooperation between the two nations. He spotlighted the conference’s role in promoting real estate and other great investments, emphasizing the investment opportunities available in both countries.
As the conference continues, participants are keenly exploring avenues for collaboration, with an eye on identifying
