EARLIER this month, Qatari Diar Real Estate Investment Company and the Cyprus government signed a Memorandum of Agreement to undertake feasibility studies and land evaluation for a new project in Nicosia, Cyprus.
This new project will be located on 25,000m2 of a prime site in Nicosia and will be a mixed use development.
The project will include a 5-Star hotel, luxury residential villas and apartments, retail space and office buildings. It is destined to become a major tourist destination, aimed at sophisticated investors and tourists from around the globe.
Speaking at the signing, Ahmed Al-Mazrouei, DCEO of Qatari Diar said:
“Qatari Diar are delighted to have signed this Memorandum of Agreement. We believe that this project highlights the strong relationship between our two countries and we look forward to working in Cyprus on the development.”
