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| Naguib Sawiris |
Egyptian business tycoon Naguib Sawiris will
invest around €220 million in the construction of the marina in Cyprus’ tourist
resort, Ayia Napa.
Cypriot President Nicos Anastasiades has
received on Monday the Egyptian businessman and later tweeted: “We welcome the
highly important investment of Orascom #Egypt in Ayia Napa. The efforts of the
Gov for growth continue.”
The Cypriot president has mentioned the value
of the new project in a later tweet written in Greek.
In addition, Cypriot Energy and Tourism Minister
Giorgos Lakkotrypis said the Egyptian investor had come to an agreement with
the consortium that planned to build the marina in the Ayia Thekla area, the
Cyprus Mail reported.
“The project is of great importance to Cyprus,” Lakkotrypis said outside
the presidential palace.
Work on the marina is expected to start
mid-2015.
“It is a project that will enrich our tourist product, in line with the
objective of the new strategy,” the Cyprus Mail has quoted minister Lakkotrypis
as saying.
Sawiris said he had opted to invest in Cyprus
“because we believe in this country” which has beautiful beaches.
The Egyptian businessman said he expected the
project to be completed in three years. It will include a marina, a luxury
hotel, villas and apartments.
He said the aim was to promote Ayia Napa as a
top tourist destination.
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