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Chinese Larnaca airport investment

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Chinese Larnaca airport investment

Chinese Larnaca airport investment

Hermes Airports Ltd, the consortium operating and managing Cyprus' two airports, has confirmed reports that it is negotiating a sizeable investment with an undisclosed Chinese company pertaining to the construction of exhibition showrooms and a logistical service centre at the old Larnaca airport building.

Airports' spokesman Adamos Aspris, announced that the consortium has signed a memorandum of understanding with the Chinese company following months of 'discreet talks'. The MoU will 'pave the way for more substantive talks between the two parties, with a view to achieving one of the largest investments ever made in our country', commented Aspris. Adding, the Chinese company's proposal involves the creation of a large commercial showroom for Chinese products as well as a logistical services centre.

The logistical centre will be based at the old Larnaca airport, and will constitute the bridge linking China to Europe, Africa and the Middle East. The value of the investment is rumoured to be in the region of EUR 1 billion.

The project is expected to create hundreds of jobs and increase visitors to the island, including the managerial staff of the companies showcasing their products. Larnaca Mayor Andreas Louroudjiatis welcomed the news, commenting 'the old airport area definitely needs to be developed and it can contribute to the town's growth'. He also commented, that the Larnaca municipality is ready to help in all ways possible to reach a positive conclusion, including easy procedures to settle legal aspects. 'This is why we created a specific committee at the municipal council that involves promoting investments', Louroudjiatis explained. 'We want to send out the message that it is time for Larnaca to achieve the growth that it deserves.'
Chinese Larnaca airport investment

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