Worldway Group has learned that the City of Dreams Mediterranean project, located in Limassol, Cyprus, will commence construction in early April this year and is expected to be completed in 2021. The project is projected to attract 300,000 tourists to Cyprus annually, bringing new development vitality to Limassol, the second-largest city in Cyprus and a financial hub of the Mediterranean.
The City of Dreams Mediterranean will cover 37 hectares and include a central podium featuring the main casino floor, world-class restaurants, exhibition facilities, luxury retail, as well as a spa and fitness club with an indoor swimming pool. The project will be the largest integrated casino resort in Limassol and Europe, featuring a 16-story hotel tower with 500 guest rooms, including multi-bay suites with garden balconies, an exhibition center, and an expansive "pool landscape" area with four large outdoor swimming pools, whirlpools, and children's playgrounds. It will offer over 100 tables and 1,000 state-of-the-art slot machines.
It is reported that the City of Dreams Mediterranean will create approximately 4,000 local jobs during the construction phase and about 2,400 permanent jobs once fully operational. Two years after opening, the integrated casino resort is expected to contribute approximately 700 million Euros annually to the Cypriot economy, accounting for about 4% of the country's annual GDP.
Immigration experts state that as a famous European holiday destination, Cyprus also occupies a unique strategic location at the intersection of Asia, Africa, and Europe. It hosts a large number of wealthy tourists and investors from the EU, Russia, the Middle East, and Asia, providing a foundation for the development of the casino. At the same time, the "casino effect" will further promote the development of the Cypriot economy, generate more investment opportunities, and help establish Cyprus as an WorldWay and travel hub.
Is such a Cyprus the next investment kingdom you have been searching for?
Through the Cyprus Investment Programme, by purchasing properties in Cyprus worth 2 million Euros or more—whether a single property or multiple properties, as long as the total value is 2 million Euros or more—you can apply for a Cyprus EU passport for three generations of your family, allowing you to participate in the Cypriot investment market while also traveling freely across Europe.
Cyprus is a member of the European Union, and holding a Cyprus passport is equivalent to possessing EU citizenship. Holders of a Cyprus EU passport can travel visa-free to over 150 countries and regions worldwide. Furthermore, it offers a 1=32 advantage! This means that with one Cyprus EU passport, you can freely relocate, work, and reside in any of the 32 European countries, including the 28 EU member states (such as Finland, the UK, Germany, Austria, Italy, France, etc.), the 3 member states of the European Economic Area (Norway, Iceland, Liechtenstein), and Switzerland, while enjoying the generous benefits of EU citizenship! Under certain conditions, it also provides an easy path to immigrate to multiple European countries.
Important Reminder: After May 15, 2019, investors applying for a Cyprus EU passport will face an additional donation cost of 150,000 Euros; if an investor purchases property that has already been used to apply for a Cyprus investment project (resale property), the minimum investment amount will increase from the original 2 million Euros to 2.5 million Euros. Currently, the window of opportunity is only about one month away. Considering the time required for document preparation, investors interested in obtaining a Cyprus EU passport should seize this opportunity! Submit your application before May 15, 2019, to benefit early!
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