Blog
Ground broken for casino resort
June 8, 2018
The groundbreaking ceremony for the new casino resort was underway on Friday in Limassol attended by President Nicos Anastasiades who described it a “historic day” and a “major milestone” for Cyprus.
Anastasiades said City of Dreams Mediterranean constituted the biggest investment project undertaken in Cyprus and expressed his “sincerest appreciation” to Lawrence Ho, Chairman and CEO of Melco and his team and the CNS Group and Melis Shiakolas, for the confidence they displayed in the economy of Cyprus and its promising potential.
“Foreign direct investment constitutes a fundamental pillar towards sustainable economic growth and prosperity. In this respect, as Mr Ho rightly stated, today we are witnessing the realisation of a project with extraordinary benefits for our economy, with positive impact on the country’s Gross Domestic Product and in tackling unemployment,” Anastasiades said.