Nicosia, Cyprus. President Nikos Christodoulides said on Thursday that the construction sector is central to Cyprus’ transition to a more sustainable development model, while underlining its importance for housing, employment and regional growth.
Speaking at a dinner hosted by the Cyprus association of building contractors, Oseok, in Nicosia, he said the shift to a greener and more sustainable model was a shared objective of the state, the government and the private sector.
Sector role in development
Christodoulides said the sector’s importance extends beyond its contribution to economic activity, as it supports employment, a wide range of related professions and businesses, regional development, and the environment in which citizens live and create.
He said Cyprus is undergoing a period of substantial transformation, with the demands of the modern economy, technological developments and sustainable development requiring a more flexible and effective state.
Government reform programme
He said this is necessary to support entrepreneurship, attract investment and promote growth, which in turn allows the state to pursue targeted social policy.
Christodoulides added that the government is promoting a broad reform programme aimed at modernising procedures, reducing administrative burdens and using technology for the benefit of citizens and the economy.
Licensing system changes
He placed particular emphasis on reform of the development licensing system promoted by the Interior Ministry, saying the aim is to simplify procedures, introduce digital tools and set clear timetables.
The goal, he said, is to substantially reduce the time needed for an investment to move ahead while maintaining transparency, safety and quality standards.
Early results and housing challenge
Christodoulides said the first results of the reform showed that almost 3,000 residential units and around 1,000 apartment buildings had been licensed within 40 and 80 working days, respectively.
He said the acceleration in the issuance of permits for new residential developments shows that the state can operate more effectively, while also strengthening competitiveness and helping address social challenges.
He added that one of the most pressing challenges is access to quality and affordable housing, particularly for young people and young families.