The President of the Republic of Cyprus, Mr. Nikos Christodoulides, met with a delegation from the TAQA Investment Fund of the UAE

In his statements to the press following the meeting, the Director of the Press Office of the President of the Republic, Mr. Victor Papadopoulos, said that “The presence of the Head and members of the UAE Investment Fund, TAQA, in Cyprus and the meeting that occurred today with president Christodoulides, took place as a follow up to the visit back in the summer of the Deputy Minister of Foreign Affairs of the UAE, responsible for economic and commercial matters.”

The purpose of their visit to Cyprus was to explore investment prospects in Cyprus, which the Government welcomes, because it is these investments that the country needs in order to keep our economy on a growth trajectory, a growth that is one of the largest in the EU.

During the meeting the interest of the UAE Fund to invest in the ‘Great Sea Interconnector’ project, but also in a series of other investment projects in Cyprus, was expressed.

Toward this goal, it was agreed that the Investment Fund, in collaboration with the Ministry of Commerce, within a month examine a series and a list of projects from which the Investment Fund can choose to invest in Cyprus. Projects that are mature or close to maturity. It was a very constructive meeting.”

Asked if there was an agreement on the Great Sea Interconnector project, Mr. Papadopoulos said “there is interest, anything else that follows will be announced.”

When asked if any initial proposals were made by the Government to the Investment Fund in relation to specific projects for which investments could be made, the Director of the Press Office of the President said that “we are in contact, there is a list of projects from the Government’s side which are mature or close to being mature, which we will recommend and depending on the perspectives and interests of the Investment Fund they will be examined together”.

Asked to elaborate on the projects, Mr. Papadopoulos said that they “concern infrastructure and development projects in Cyprus, in general”.