Cyprus' leading on-line resource for home buyers & real estate investors -

29th March 2024
Cyprus Property News logo
HomeMarinasPaphos marina coming soon

Paphos marina coming soon

IN a hotly contested bidding contest between ‘Leptos‘ and ‘Aristo‘ (whose chairman is also the new chairman of the Bank of Cyprus), it appears that ‘Leptos’ has been awarded the contract to construct the new marina at Paphos.

Six marinas are planned at different parts of the island:

  • The Paphos Marina will be constructed at “Potima” area in Kissonerga and will have a capacity of 1,000 vessels.
  • The Ayios Raphael Marina in Limassol will continue to operate with a capacity of 250 vessels.
  • In Larnaca, the existing Marina will be extended so that its current capacity of 450 vessels will expand to 1,000 vessels.
  • The Ayia Napa Marina will be constructed at “Loumata” area and will have a capacity of 600 vessels.
  • The Paralimni Marina will be built near the fishing shelter and will have a capacity of 250 vessels.

The Ministry of Commerce, Industry and Tourism has said that the marinas will help enhance maritime tourism, which will serve strategic goals for enriching the island’s tourist product and improving seasonality.

The marinas of Cyprus are expected to have a comparative advantage over those of Greece, Turkey and Israel, due to the island’s geographic position.

RELATED ARTICLES

Top Stories

Sign up to receive our free newsletter

We handle your data responsibly, find more about our privacy policy

Cyprus property transfer fees

Elsewhere in Cyprus Property News

EUR - Euro Member Countries
GBP
1.1684
RUB
0.0101
CNY
0.1285
CHF
1.0436

Property capital gains tax (CGT) calculator