Development in Larnaca even without the mammoth investment in the port and marina
Larnaca stakeholders are concerned about the €1.2 billion investment in the marina and port, but the city’s building boom and other planned investments of hundreds of millions of euros are positive signs for development. At the Property Show Larnaka 2024 conference, the Chamber of Commerce, businessmen, and other stakeholders expressed confidence that the redevelopment of the port and marina will proceed. Businessmen highlighted new projects and foreign investor interest in Larnaca. The city’s development will continue with major projects like the Larnaka-Land of Tomorrow development by Petrolina Group, costing over €1 billion. Other major developments are planned by Patroklos Group and Quality Group.