QATAR – CYPRUS

QATAR – CYPRUS

Cyprus President Nicos Anastasiades arrived in Doha on 26/1/2014 on an official visit to Qatar. Mr. Anastasiades headed a high-level delegation that included the Foreign Minister Ioannis Kasoulides, Energy and Tourism Yiorgos Lakkotrypis, and Agriculture’s Nicos Kouyialis, all of whom signed bilateral cooperation agreements with their Qatari counterparts.

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From the moment he arrived, President Anastasiades was given a red-carpet treatment and genuine Arabic hospitality throughout the three days, with his host, Sheikh Tamim bin Hamad al-Thani discussing ways to further strengthen bilateral relations. Cooperation protocols and memoranda of understanding were signed in the areas of education, legal, energy, sea water desalination and the treatment of wastewater for re-use.

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Accompanying the delegation were officials from the Cyprus Investment Promotion Agency, the KEVE chamber of commerce and industry and an 80-strong trade mission headed by the chairman of the Cyprus-Qatar Business Association Marios Lanitis. Cybarco is one of the long-established Cypriot companies in Qatar that has undertaken major development projects in the Gulf state and was a contributing factor in making this visit a success.

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The delegation also included many Cypriot businessmen, to name some: Mr. Michalis Hadjipanayiotou (Cybarco), Mr. Kyriakos Chrysochos (Cyfield nemesis), Mr. Ramzi Martin (Cynvestco), Mr. Michalis Louis (Eurobank Cyprus), Mr. Wes Porter (Hermes airport), Mr. Efthyvoulos Paraskavaides (J&P), Mr. Marios lanitis (lanitis group), Mr. George Leptos (Leptos group), Mr. Akis Lefkaritis (Petrolina), Mr. Nicolas Shacolas (Shacolas group), Mr. Kleovoulos Tofarides (Tofarco)

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Speaking at the business forum on 28/1 Mr. Anastasiades outlined the government’s efforts towards recovery while highlighting the major advantages Cyprus has as an investment destination with significant potential in various sectors. He added that the discovery of hydrocarbon deposits in the offshore Exclusive Economic Zone (EEZ) also opened up prospects for investments in the energy sector.

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