Ανακοινώσεις
02/08/2019

Cyprus – Arab Business Conference & Exhibition Radisson Blu Hotel 30th June – 2nd July2019

Cedars Pavilion of Lebanon in co-operation with Larnaka Chamber of Commerce and Industry organized the Cyprus – Arab Business Conference and Exhibition in Radisson Blu Hotel.

To the Exhibition participate important Cyprus companies of land development sector, real estate agents, accountants, lawyers’ firms, banks etc. To the seminars participate companies which presented their projects, banks, law firms, business consultants and others.

To the inauguration of the exhibition on behalf of the government, her Excellency the Minister of Transport and Communication Mrs Vasiliki Anastasiadou, express optimism regarding the development of Larnaka with new important projects and welcome the foreign visitors of the Exhibition.

The Mayor of Larnaka Mr Andreas Vyras welcome the foreign visitors of the exhibition from Middle East and Gulf States and promise every support and help to them.

The President of LCCI Mr Stavros Stavrou to his speech mentioned the following:

“I would like to welcome you all to the “Cyprus – Arab Business Conference and Exhibition” where we have the ambition to enhance further the co-operation between Cyprus and the Arab world and suggest Larnaka as ideal business field for almost any investment.

The traditional excellent relations between Cyprus and the Arab world will be developed further and improved due to the necessity to develop our economies for the interests of our people and our countries.

It is importance to discuss how we are using the tools of our economy, in order to promote co-operation and our common interests.

As President of LCCI I am pleased to assert that Larnaka is entering a new era. The development of major projects in Larnaka is currently underway, we are reaching the final stages of the ambitions project for the developemtn of the Port and Marina. This multi-billion project combined with the relocation of the Petroleum and gas depots from Larnaka to Vassiliko industrial area and the numerous EU funded projects in the commercial center, along with many important projects of the private sector – are all providing a boost to our local economy, mainly in the sectors of tourist and land developmet.

Larnaka’s tourists’ arrivals have increased from 220.000 to 460.000 foreign visitors. The target of 650.000 within the next five years seems realistic considering among other factors the planned increase in our accommodation capacity.

The development of our tourism sector offers substantial opportunities for investment in the hotel industry, entertainment, restaurant and theme parks. If tourism is among your business portfolio, then you have to seriously consider the possibility of investing in Larnaka.

Land Development offers assets for development at a good value, which can result in beneficial investments. It is not an exaggeration to say that at this stage only Larnaka can provide opportunities for attractive and profitable projects.

Larnaka is ideal for the establishment of foreign companies since it is conveniently situated in the center of Cyprus at a small distance from the rest of the main towns.

It is the gateway to Cyprus as it hosts the country’s main airport, port and marina, Larnaka offers and housing facilities for staff, as well as excellent bank insurance and law services.

Quite modestly we can confirm that businessmen establishing their companies in Cyprus anywhere else than Larnaka are unnecessarily increasing their costs.

Since the main international airport is located in Larnaka we are focusing on the benefits that aviation can generate in Cyprus, for this reason we have last year organized as mentioned before – a very successful symposium for aviation. The development of this sector which shall also increase the much-needed air connectivity to and from Cyprus shall be extremely beneficial to the national economy. Larnaka is most certainly ideal to host foreign aviation companies as well as companies dealing with pertinent support services and logistics.

I also need to stress the importance of the light industry in Larnaka, which is performing very well, with significant exports of foodstuff, especially diary products.

Larnaka is surrounded by industrial areas and zones with close proximity to the island’s international airport and the second biggest port, and this is perfect for the establishment of industries targeting the European and Middle East Market. Without any doubt, the availability of “industrial land” together with the proximity to the island’s entry and exit points, is something that cannot be found anywhere else in Cyprus.

Another important sector we are focusing on in Larnaka, is the establishment of our area as an educational hub. There is a good basis for that due to the presence of historic English speaking elementary and secondary schools and high-quality institutions of undergraduate and postgraduate studies.

You can realize from my speech that although we emphasize on specific sectors, one may presume that the local economy of Larnaka is “a little bit of everything”. That is not necessarily negative, on the contrary, it means that our economic sectors are well balanced which is profound for a healthy local economy.

It is certain that Larnaka is competitive in every aspect of the economy and offers the best investment option with the highest return rate. We strongly believe that the next decade belongs to Larnaka.

Dear friends,

We are pleased today that the effort that we started last year is continuing and we are truly co-operating to enhance our economic relations. Many thanks to Dr George Mufarrij of Cedar Pavilion for his efforts in this direction.

I would like also to thanks the sponsors, Larnaka Municipality, Hermes Airport and the Deputy Ministry of tourism and the participants of the Exhibition. Very important companies of Larnaka and Cyprus generally are participating to the exhibition and we are expecting important results from this event”.