CYPRUS: VIPs and fanfare at Limassol Del Mar presentation

The first official presentation of the Limassol Del Mar took development project place at the Four Seasons Hotel last week.

 
The event was addressed by Finance Minister Harris Georgiades who briefly elaborated on Cyprus’ recent economic and developmental advancements, and emphasised that together with other factors, projects similar to the Limassol Del Mar are the driving force to both its hosting city and the overall economy.
The leaders of the project’s joint venture, Pantelis Leptos and Michalis Zavos, presented the project through their personal business perspective.
“With Limassol Del Mar we are now on par with foreign creators of grand projects,” said Zavos, adding that the Limassol Del Mar is considered one of the most important projects in the Cypriot economy since it offers hundreds of job opportunities, yields millions of euros from abroad and contributes considerably to state funds through taxes and other contributions.
In turn, Leptos talked about the project focusing on the fact that Limassol Del Mar is a purely private investment having two Cypriot companies at its main core. “This is an additional proof that Cypriots have entrepreneurship in their DNA.”
“While international demand is increasing, we need to emphasise the positive local interest we also receive from the Cypriot business community,” Leptos said, adding that the presales percentage of Phase I has already reached 60% and this substantial amount also provides them with the possibility of financing the construction of the entire project, creating hundreds of job opportunities.