The beautiful European country to be completely transformed by £6.8bn mega-project
A £6.8 billion mega-project initiative is set to revolutionise a European nation's landscape and economy, ushering in a new era of growth and innovation.
In a bid to modernise its infrastructure and boost economic growth, Cyprus is set to undergo a monumental transformation through a £6.8 billion mega-project initiative.
Spearheaded by the Association of Large Investment Projects, this ambitious undertaking aims to redefine the landscape of the picturesque European nation.
Announcing the initiative in a recent press release, the Association revealed a diverse portfolio of projects slated for implementation.
Ranging from hotels and medical facilities to educational institutions and residential complexes, these ventures promise to revolutionise Cyprus' economic landscape while enhancing the quality of life for its residents and visitors alike.
One of the flagship endeavours, the Limassol Hills Golf Resort, stands out as a beacon of sustainability.
Boasting a state-of-the-art biological water treatment system, solar park, and expansive green spaces, the resort is poised to set new standards for eco-friendly development.
With over 2,700 workers slated for employment during its construction phase and the creation of more than 750 permanent jobs upon completion, the project underscores its commitment to fostering local employment and economic growth.
Similarly, the Eagle Pine Golf Resort, situated in Limassol, embodies the spirit of luxury and sophistication. With an estimated worth exceeding €500 million, the resort is projected to generate substantial state revenues while creating 300 jobs, further cementing its status as a catalyst for economic prosperity.
Don't miss...
World's most 'overbuilt' station part of £1.9bn mega-project but is hardly used [PICTURES]
NASA astronauts to try growing plants on the Moon during Artemis III mission [VIDEO]
Incredible £64bn mega-project to build world's biggest dam in unlikely country [INSIGHT]
Not to be outdone, ventures such as Limassol Greens and the Minithis Resort in Paphos are poised to leave an indelible mark on Cyprus' economic landscape. With investments totalling €900 million combined, these projects are expected to create thousands of jobs and inject a significant stimulus into the local economy.
By adhering to green and sustainable practices, these projects aim to mitigate their climate impact and contribute to Cyprus' alignment with Sustainable Development Goals (SDGs) and Environmental, Social, and Governance (ESG) requirements.
As construction commences on these transformative ventures, Cyprus stands on the brink of a new era of prosperity and innovation.