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Cyprus calls investors from UAE

Staff writer |
Opportunities for growth exist in the majority of economic sectors of Cyprus, President Nicos Anastasiades told a Business Forum in Dubai.

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The forum was attended by members of the United Arab Emirates’ Chamber of Commerce and Industry, the Cyprus Chamber of Commerce and Industry, the Cyprus Investment Promotion Agency and the Cyprus-GCC Business Association.

"Especially today, the discovery of natural gas reserves within Cyprus’ Exclusive Economic Zone creates excellent investment prospects in the energy sector and ancillary services," Mr. Anastasiades noted, adding that "the emerging oil and gas industry to be created on the island is expected to provide a significant boost to our economy, spearheading significant growth and driving numerous other sectors as well."

Mr. Anastasiades invited UAE businessmen to explore the ways to invest in Cyprus and to cooperate with Cypriot businesses, taking full advantage of the many opportunities offered in most sectors of our economy, which will be further detailed in the upcoming presentations.

Noting that Cyprus and the United Arab Emirates have traditionally enjoyed friendly relations, Mr. Anastasiades emphasized that the Government of Cyprus is committed to further facilitating and enhancing cooperation between our countries and our business communities in every possible way.

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