Research Center
Cyprus Economy

CYPRUS: Foreign diplomatic delegation visits Ayia Napa Marina

15 March, 2019

A delegation of international diplomats comprised of commercial representatives from various foreign embassies in Athens visited the construction site of Ayia Napa Marina.

The visit was part of a wider initiative to enhance and promote business opportunities in Cyprus.

The high-profile visitors were welcomed by Stavros Caramondanis, CEO of M.M Makronisos Marina Ltd, who highlighted the importance of Ayia Napa Marina in the reinforcement of nautical tourism in the eastern Mediterranean, and the contribution of the project to the upgrade of the Cyprus tourism product, attracting quality tourism throughout the year.

Caramondanis pointed out: “Ayia Napa Marina is a unique project, not just for Cyprus but for the whole of Europe, with innovative technology used for the construction of both the marina and other areas on the grounds.

This important project has already gained international recognition, exemplified by increasing interest from buyers and investors around the world. To date, 75% of the Ayia Napa Marina East Tower has already been sold and we are witnessing increased interest, mainly from Russian, Middle Eastern and Asian markets.”

During a tour, diplomats were given the opportunity to witness the project, with the first phase of infrastructure almost complete, while the precast concrete units, produced by two dedicated batching plants near the site, are in their final phase of construction.

The South Breakwater is at full length, with a few precast concrete units left to be installed. The Roadway superstructure is almost complete, while the foundations for the breakwater road and all roadworks are progressing at a fast pace.

Construction of the chandlery, administration and government buildings are also moving full speed ahead.

The diplomats who attended the event agreed that Ayia Napa Marina deserves to be hailed among the most ambitious projects in Cyprus and the Eastern Mediterranean.

Ideally located between the beaches of Ayia Thekla and Makronisos, Ayia Napa Marina will offer 190 spacious luxury apartments in two impressive towers, 29 luxury villas, a marina with significant mooring capacity and world class facilities for 600 yachts, a shipyard, shops, restaurants and amenities for those living in, and visiting the marina.