Christodoulides Calls for Closer State-Private Sector Cooperation to Attract Investment

Nicosia, Cyprus. President Nikos Christodoulides on Monday called for stronger collaboration between the government and the private sector to draw productive investment, speed up large developments and tackle issues such as housing affordability. He spoke at the annual general meeting of the Association of Large Investment Projects in Nicosia.

Role of large developments

Christodoulides said major projects play a decisive part in bringing in capital and expertise, opening up business opportunities and improving the island’s standing in international competition. In his view, they also help diversify the economy and upgrade the country’s productive model by drawing on a broad range of professional activities.

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Government priorities

The president described attracting quality, productive investment as a strategic priority for the government. He said work was under way to protect economic stability, improve conditions for business and advance reforms meant to boost investor confidence. He said: “We are working to create the necessary framework so that attracting quality investment becomes an achievable goal.”

Business missions and the United States

Christodoulides cited positive results from the government’s efforts to promote investment, including business missions to a number of countries. He announced that he would personally take part in a further mission to the United States towards the end of November, citing “because we are seeing particularly increased investment interest from American companies”. He added that the government would work with the US administration to present the opportunities and prospects Cyprus offers.

Economic outlook

The president said the country’s economic performance and growth outlook showed resilience despite international uncertainty and considerable challenges. He said the government aims to maintain and build on this momentum through a responsible economic approach, careful management of public finances and ongoing reforms.

Christodoulides also stressed that progress should not be judged by economic indicators alone.