The Cyprus-Lebanese Trade Association, under the umbrella of the Cyprus Chamber of Commerce and Industry, said that a total of 100-150 companies from Lebanon and Arab countries have shown a great interest in investing in Cyprus, mainly due to the political developments in the region.
Some of these companies taking part in the forum on 19-21 February have already been cooperating with Cyprus industrialists and businessmen but the political turmoil has made it even more urgent for them to seek a safe place for business and for a second residence.
Association President Antonis Hadjiroussos said that the forum seeks to attract a large number of Lebanese and Arab businessmen operating in Lebanon with the aim to invest in areas such as tourism, properties, services, industry etc. and to explore the possibilities in other areas as well.
He said that there is a continuous and growing interest on behalf of Lebanese companies and the Forum will give the opportunity to further expand and enhance the cooperation.
According to Hadjiroussos, the Cyprus economy was faced with great challenges but has now turned a page. He pointed out that Cyprus offers a good quality of life with many advantages, a remarkable environment, award winning beaches and security.
He pointed out that Cyprus is one of the most popular countries for one to get citizenship, has excellent infrastructure, adding that the citizens of the Republic of Cyprus enjoy unlimited trips to European countries and 140 countries without visas and that citizens of non EU countries can obtain Cypriot citizenship by investing here, if they meet the criteria set by the government.
Mazen Farah, Director of consulting company COMED International which is co-organising the forum, said that the event will be a meeting platform specialised for businessmen and traders who have the objective to create and establish new markets. All businessmen, he said, associated with industry, trade, agriculture, service, real estate and tourism sectors should have the interest to participate and introduce their commodities and services.
He added that a full advertising campaign will take place in Lebanon and Cyprus and invitations will be sent out to Cypriot industrialists, wholesalers and companies to attend.
The aim is to create partnerships between the businesses in both countries in the fields of tourism, banking, real estate, information technology, industry, oil and gas and joint cooperation.
Source: Financial Mirror
