Cyprus Immigration focuses on Cyprus Immigration Life: 2015 year10 month30 day, Dr. Stelios Himonas Permanent Secretary of the Ministry of Energy, Commerce and Industry of Cyprus, stated at the introduction meeting of the Cyprus Technology Park that in order to enhance the economy, increase employment, and respond to the financial crisis, the government will construct the first technology park. This project aims to transform Cyprus into a regional center that integrates production, education, and research, gathering high-tech enterprises.
The park is located in Penta Komo, 16 kilometers from Limassol, 50 kilometers from Larnaca, and 65 kilometers from Nicosia, covering an area of 340,000 square meters, with a green area reaching 15%. The government will equip the park with complete infrastructure, including roads, renewable energy power facilities, water supply facilities, and a national WIFI network. Comprehensive supporting facilities will be established within the park, including residential areas, hotels, conference centers, and catering services. The park primarily aims to attract four types of enterprises: research centers, high-tech companies, emerging enterprises, and other technology organizations. Resident enterprises will enjoy certain tax, rent, and other preferential policies.
The government plans to select the park's construction manager through a bidding process. Bidders are required to be a legal entity or a consortium of multiple enterprises, having constructed a technology park (with a participation rate of at least 30%) or two large projects (with a participation rate of at least 30%) and having more than 10 years of experience in managing technology parks. Bidders need to provide an operational plan, including project management plans, schedules, target customer descriptions, risk factors, financial analyses, etc.
