Cyprus Lawyers - Cyprus Law Firms

Cyprus Property lawyers – Review – Qatar and Cyprus deal – Completed on 26^th June 2010 – Property Lawyers in Cyprus

Cyprus has joined forces with Qatar Emirate and agreements have been made to develop a huge luxury project in Nicosia the capital of Cyprus.  The project itself will comprise a luxury 5*hotel accompanied by residential property and leisure and business centre.

The fact that the Qatar Royal family has agreed to invest in our island shows the world that we are a solid financial state and the scope for investment from this type of source is limitless.

This will definitely make others look to Cyprus as investment destination and open the doors to many other countries that have the financial means to make our island a top financial zone and vice versa.

This is a new venture and a new era for financial business in Cyprus and we feel it is a positive move for Cyprus Properties and Cyprus Investment, and opens us up to the world.

The project is said to cost more than 500 Million Euros and both countries have invested equal shares.  The government are trying to pass all the required procedures so that building can get stared straight way.  Qatar officials will govern the project as they have extensive experience in this area and it is hoped that the project will bring in major foreign business.

Qatar is also looking to invest in another luxury golfing development in the Agia Napa region but this has been kept behind closed doors to be able to concentrate on the current agreement but things are definitely looking up.

Qatar has seen the potential in Cyprus and now we do not have to rely on the European property markets to keep us a float, it is only a matter of time before other sources from places we would never have dreamed of also see the potential in Cyprus.

PUBLISHED BY A&G KOUZALI LAW OFFICE ON 26^TH JUNE 2010.

Share and Enjoy: