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Cyprus
May 20, 2019
Cyprus Mail
Business Cyprus Energy

Opportunities exist, president tells Dubai chamber

OPPORTUNITIES for growth exist in the majority of economic sectors of Cyprus, President Nicos Anastasiades told a Business Forum in Dubai yesterday on the last day of his four-day visit to the United Arab Emirates.

The forum was attended by members of the UAE Chamber of Commerce and Industry, the Cyprus Chamber of Commerce and Industry, the Cyprus Investment Promotion Agency and the Cyprus-GCC Business Association.

“Especially today, the discovery of natural gas reserves within Cyprus’ Exclusive Economic Zone creates excellent investment prospects in the energy sector and ancillary services,”

Anastasiades said. “The emerging oil and gas industry to be created on the island is expected to provide a significant boost to our economy, spearheading significant growth and driving numerous other sectors as well.”

The president invited UAE businessmen to explore the ways to invest in Cyprus and to cooperate with Cypriot businesses, taking full advantage of the many opportunities offered in most sectors of the economy.

Anastasiades expressed confidence that strengthening of bilateral relations at all levels would benefit both countries.

He said attracting foreign investment was a top priority for Cyprus. “What is most important is that opportunities for growth exist in the majority of economic sectors of Cyprus,” he said.

On his way to Dubai, he and the Cypriot delegation, paid a visit to the Tomb of the Founder of the Nation Sheikh Zayed Bin Sultan Al Nahyan, at the Grand Mosque. The delegation returns home today.

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