Nicosia woos investors for tech park

The long-discussed Pentakomo Technology Park task successful Cyprus is yet showing signs of superior progress, with some Cypriot and overseas investors expressing factual interest, officials say.

Nicosia’s third effort to find a strategic capitalist comes with a much charismatic bundle of incentives, including financial, tax and operational support, and a caller tender deadline acceptable for November 12.

The park, designed for aggregate uses, will apt necessitate a consortium of investors to guarantee its viability. Past involvement included parties from China, India, Israel, the US and the Middle East, though earlier attempts stalled connected insufficient incentives. A caller briefing hosted by the Limassol Chamber of Commerce featured a study from PwC detailing concern opportunities and underscored requests for simplified licensing procedures.

Pentakomo Mayor Giorgos Oikonomou hailed the task arsenic a “100-150 million-euro concern that could transform the community,” noting that the authorities has committed €10 cardinal for basal infrastructure. He said lessons from past tenders, including publicity and readying time, person been addressed and that the project’s aggregate uses connection economies of standard and semipermanent sustainability.