Cyprus-Forum.com

[DT.]

A 400 million Euro project that includes a hotel/commercial centre oppossite the Hilton in Nicosia is being signed by the 2 govts today. The Emir of Qatar is in Cyprus today for the signing.

http://www.politis.com.cy/cgibin/hweb?- ... V=articles

[RichardB]

Investment of this kind is just the sort that Cyprus should be attracting.

It seems from reading the report that the Cy Govt has only put in minimal investment , though i would imagine it has given great incentives to the Quatari govt to invest.

A constuction of this kind should bring in much needed jobs to boost the economy

Hopefully alongside the hotel and apartment development there will be a world class conference venue which in turn will bring in investment into the country.

Got to say it is really a first class job by the govt to attract this quite considerable amount of investment in what is supposedly a world recession

[Get Real!]

Well I’ll be damned! Those terrorist Arabs are investing in Cyprus again alleviating her economy, while our “friends” the Americans (according to Miltiades, Lit, and a few other illiterate nincompoops) are investing in alleviating Turkey’s political agenda via Denktash!

[Lit]

Well I’ll be damned! Those terrorist Arabs are investing in Cyprus again alleviating her economy, while our “friends” the Americans (according to Miltiades, Lit, and a few other illiterate nincompoops) are investing in alleviating Turkey’s political agenda via Denktash!

Box head! LOL

Nobody here is calling the Arab people terrorists. You must learn how to differentiate between Arab and Islamic fundamentalists. BTW the United States has a President that goes by the name Barack Hussein Obama. Hmm, sounds Arabic in origin.

____

[CBBB]

It will take them 5 years to get planning permission! Well it would if it was someone else.

[Raymanoff]

i love my job, i will get their moneys before any planning permissions even mentioned

[YFred]

It will take them 5 years to get planning permission! Well it would if it was someone else.

God, they better hurry up and finish it before the next round. It'll give TAF something to aim at.

[Gasman]

Never mind planning permission - how long before they get their Title Deeds!

[Hatter]

Investment of this kind is just the sort that Cyprus should be attracting.

It seems from reading the report that the Cy Govt has only put in minimal investment , though i would imagine it has given great incentives to the Quatari govt to invest.

A constuction of this kind should bring in much needed jobs to boost the economy

Hopefully alongside the hotel and apartment development there will be a world class conference venue which in turn will bring in investment into the country.

Got to say it is really a first class job by the govt to attract this quite considerable amount of investment in what is supposedly a world recession

I don't want to rain on your parade, but in the midst of all the hype and rhetoric, have you considered this:-

The value of the land that Cy Gov is contributing to the deal is probably worth tens, if not hundreds, of millions of euros. No valuation by independent valuers has been mentioned, and if Stavrakis's statement is anything to go by (see Phileleftheros website) the valuation is yet to be done
These days, 400 million euros is not that astronomical. Single plots of land in good locations fetch ballpark figures of 1 million euros, let alone prime locations like the one in question.
There was no process of inviting tenders etc. There are cypriot enterprises that would be interested in bidding for a deal like this, but the opportunity was denied them by not inviting tenders. Ditto for european investors.
The first phase of the project will take 30 months and the cost is about 150 million dollars - which I guess is about 110 million euros ... pfff!
Has anyone seen the plans for this development? what is the small print?What will be the impact of these luxury apartments in the most prime location of Nicosia on the quality of life in the surrounding area?
Do you really believe that public opinion is in favour of this?

A strange whiff of rodent is in the air

[Paphitis]

Well I’ll be damned! Those terrorist Arabs are investing in Cyprus again alleviating her economy, while our “friends” the Americans (according to Miltiades, Lit, and a few other illiterate nincompoops) are investing in alleviating Turkey’s political agenda via Denktash!

Qatar is not a terrorist nation! They are our ally!

Good to see Cyprus dealing with with our best mates in the region.

We are all just one great big happy family!

Cyprus going from strength to strength.