Cyprus Mail
Business Cyprus

Efforts to attract foreign investment will pay off, says president

By Constantinos Psillides

Cyprus’ efforts to attract foreign investors will bear fruit, said President Nicos Anastasiades on Thursday, on his return from an official visit to Abu Dhabi and Dubai.

The president said the United Arab Emirates was especially interested in investing in Cyprus, adding that the Gulf states always had good ties with the island.

He mentioned the fact that the UAE would be opening a diplomatic mission in Cyprus for the first time and also that the Emir of Qatar, Sheikh Tamim bin Hamad Al Thani, might be visiting the island shortly.

“With regard to the United Arab Emirates, beyond the excellent conditions that prevailed during my visit, we have ascertained an intense interest to create prospects for investors to visit Cyprus,” said Anastasiades.

The president promised he would continue persistently and relentlessly, “and with the hope that the advantages that Cyprus offers for investments, but also more generally in the growth of business activities as a European country, beyond Europe, are significant. And I believe that in the end, the arduous efforts that were made and are being made will be vindicated”.

Anastasiades spoke at a Business Forum in Dubai on Wednesday, attended by members of the United Arab Emirates’ Chamber of Commerce, urging UAE businessmen to explore the ways to invest in Cyprus and to cooperate with Cypriot businesses and to take “full advantage of the many opportunities offered in most sectors of our economy”.

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