Cyprus investment bodies agree to strengthen cooperation on foreign direct investment
The Cyprus Association of Large Investment Projects and Invest Cyprus agreed to explore joint initiatives to attract strategic foreign investment.
Nicosia, Cyprus. The Cyprus Association of Large Investment Projects and Invest Cyprus have agreed to strengthen cooperation on attracting and facilitating foreign direct investment following talks held this week.
Joint investment initiatives
The meeting focused on potential joint initiatives to bring further investment to Cyprus, particularly projects expected to have a significant economic and development impact.
The two organisations discussed making greater use of their expertise and international networks to promote investment opportunities more effectively and strengthen Cyprus’ competitiveness as an international business centre.
Investment environment
The association highlighted the contribution of large developments to economic growth, employment, infrastructure and services.
It also said that attracting strategic investment depends on both the projects available and the operating environment for investors. This includes efficient procedures, faster decision-making, a stable and modern institutional framework, and a competitive, business-friendly environment.
Continued dialogue
The two sides agreed to continue their dialogue and consider more concrete initiatives and joint actions aimed at attracting strategic investment to Cyprus.
The stated objective is to support the sustainable development of the Cypriot economy and wider society.
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