SPEAKING with InBusinessNews last week Cyprus Interior Minister Neoclis Sylikiotis was reported as saying that licenses for three more golf courses on the Island are close to being authorised by the Town Planning Department:
A course at Fasouri outside Limassol by Lanitis Farm Golf Ltd. This is planned to include an 18-hole championship golf course designed by Cabell Robinson, a country club, a residential quarter consisting of residential town houses and amenity parkland.
Two golf courses at Limni in Polis Chrysochous by Limni Resorts & GolfCourses Plc. This is planned to include a Jack Nicklaus signature golf course set in 2.9 million square metres of prime coastland, a 5-star hotel and spa, high quality residential units, sports facilities and other amenities.
In October 2009, the Executive Chairman of Cyprus Limni Resorts & GolfCourses Plc, Nicos Shacolas, Limni told StockWatch that works will start immediately as soon as the master plan is approved and that “Despite the economic crisis, the Company has secured the financing of the projects”.