Invest Cyprus evaluates the organisation of the Investopia Global Mediterranean Forum in Cyprus as a huge success, both in the presence of high-ranking individuals and multinational companies or companies from the United Arab Emirates (UAE) and at the level of governments and ministers.
Focusing on the important presences hosted by the forum, such as the UAE Minister of Economy, Abdulla bin Touq Al Marri, the UAE Deputy Minister of Investment, Mohammad Alhawi, the Greek Minister of Tourism, Olga Kefalogianni, the Lebanese Minister of Tourism, Laura Khazen Lahoud, the Secretary-General of the UN World Tourism Organization, Shaikha Al Nowais, the Minister of Energy, Commerce and Industry, George Papanastasiou and the Deputy Minister of Tourism, Kostas Koumis, the CEO of Invest Cyprus, Marios Tannousis, pointed out that the meetings and discussions that took place highlighted the importance of cooperation between the countries of the region.
“I believe that Cyprus has both a role and a say in the investment events of the region. It is located in a strategic position, it is a bridge between the Arab world and Europe, something that was highlighted at Investopia Global Mediterranean,” noted Tannousis speaking to InBusinessNews, while welcoming the proposal of the Deputy Minister of Tourism to add the UAE to the trilateral agreement between Cyprus, Greece and Lebanon for investments and business collaborations in the tourism sector, which, as he added, was also welcomed by Abdulla bin Touq Al Marri.
As Tannousis reported, Invest Cyprus had some targeted meetings and agreed to be in close communication with the organisers of Investopia Global Mediterranean, with the UAE Deputy Minister of Investment and with the office of the country’s Minister of Finance, “so that we can exploit future opportunities.”
Accelerating investments and partnerships through Investopia Global Mediterranean
Asked to comment on the impact of the forum and the possibility of new investments from the UAE in Cyprus, the CEO of Invest Cyprus explained that through the Investopia Global Mediterranean platform “we can both upgrade and accelerate the flow of investments and partnerships” while clarifying that “there are already investments from the UAE in Cyprus, with investments that began years ago continuing to be implemented.”
“We have discussed with Abdulla bin Touq Al Marri’s advisor, in his presence, our further cooperation and at this point I must thank Mr. Papanastasiou, who raised the idea of organising the international business forum Investopia Global Mediterranean in Cyprus, which we supported as Invest Cyprus, because we believe that we can develop investment partnerships and investment agreements between us, the exchange of views on best practices and we have something for each country to learn from the other,” Tannousis said.
The sectors where opportunities are expected to arise
The sectors in which Invest Cyprus expects opportunities to arise “are the energy sector, with our country in constant communication on cooperation issues, the technology sector, in which we have already had some agreements recently, and the tourism sector.”
In addition, there is ample scope for collaborations and investments in the area of sustainability (water, sea, environment, etc.).
“These are sectors that are already working, such as the mobile desalination units from the UAE that arrived in Cyprus last month or DP World’s investment in the port of Limassol,” the CEO of Invest Cyprus emphasised.
“The organisation of the international business forum Investopia Global Mediterranean in Cyprus gave another boost to the effort to strengthen the economic and business relations between the two countries, attract more investments from the UAE and further highlight the opportunities of the region, between Europe and the Middle East, in which Cyprus has a very important role to play geostrategically,” Tannousis concluded.
(Source: InBusinessNews)
