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Larnaca port and marina redevelopment to return handsomely
August 5, 2021
The redevelopment of the Larnaca port and marina is expected to generate billions in revenue, Kition Ocean Holdings CEO Panos Alexandrou said in a press release on Wednesday.
Moreover, the port and marina rejuvenation and expansion will create thousands of new jobs, estimated to surpass 4,000 in number. The hiring process is already underway.
According to the statement, initial estimates suggest that revenues from the project will amount to €19.6 billion. This figure would make the project one of the most profitable investments in Cyprus over the next twenty years.