Limassol Chamber Presses Government for Timetable on Pentakomo Science and Technology Park

Limassol, Cyprus. The Limassol Chamber of Commerce and Industry (Evel) has urged the government to give clear answers and set a binding timetable for the Pentakomo Science and Technology Park. The chamber voiced increasing concern over what it called ongoing stagnation and a shortage of information about the project.

Concern over lack of progress

In a statement, Evel said the project carries strategic importance for Limassol and for the wider Cyprus economy. It warned that the absence of progress and of official updates raised doubts about whether the authorities were committed to moving it forward.

The chamber described the planned park as “a project with enormous development prospects, which can act as a catalyst for attracting investment, developing research and innovation, creating highly specialised jobs and further strengthening the competitiveness of our country”.

Limassol’s growing technology profile

According to Evel, the need to advance the project has become more urgent because Limassol is increasingly present in technology and innovation. The chamber said the city is turning into a significant regional technology hub, drawing start-ups, international companies and investment in digital services and innovative technological applications.

It also cited figures indicating that technology and innovation account for over 16 per cent of Cyprus’ gross domestic product (GDP). The statement added that Limassol ranks among Europe’s top 10 cities for start-ups in the StartupBlink Global Startup Ecosystem Index 2026.

Evel said these developments show the city needs suitable infrastructure to support its further growth. It argued that the Pentakomo park could link entrepreneurship with research, technology and innovation, opening up new investment opportunities and jobs with high added value.

Strategic investor process

The chamber also raised concern that the deadline for applications to identify a strategic investor passed on January 28, 2026. It said no comprehensive official update has followed on the result of the process or on the next steps.