government and Kition Ocean Holdings

Qatar, other suitors interested in Larnaca marina

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Qatar, other suitors interested in Larnaca marina

Interest in Larnaca’s marina and port remains high despite the divorce between the Government and Kition Ocean Holdings. The Emir of Qatar has shown interest in the project, along with other suitors within the country. The proposal to separate the project and focus on the marina has gained ground, with the Government open to discussions and forming a working group to expedite the process. The Larnaca Municipality demands greater involvement in the project’s future, with plans for a committee to conduct a techno-economic study. The matter will be discussed in the House Transport Committee, and the Ministry of Transport will take over the management of the marina.

Major developments underway in Cyprus

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Major developments underway in Cyprus

Cyprus is experiencing a significant development boom with billions of euros being invested in various projects, including infrastructure improvements, new marinas, hotels, medical centers, university buildings, golf courses, schools, and residential properties. These projects are expected to bring multiple benefits to the country, transforming its landscape and contributing to economic growth. Major investments include golf resorts like Limassol Hills and Eagle Pine, as well as marinas such as Larnaca Marina and the upcoming Paralimni Marina. Education-related developments are also underway, and road infrastructure projects across the island are crucial for improving residents’ quality of life.

House audit committee to step into Larnaca port spat

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House audit committee to step into Larnaca port spat

The House audit committee will discuss issues between the government and Kition Ocean Holdings regarding the revamp of the Larnaca port and marina, which has stalled over a contractual dispute. Earlier, Kition Ocean Holdings filed a case against the government for causing delays and breaching the contract. The government has been unwilling to meet the company to discuss a difference in a financial guarantee.