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Tender awarded for construction of City of Dreams casino resort
April 3, 2019
Integrated Casino Resort Cyprus (ICR) announced on Tuesday that it had awarded the tender for construction of Limassol’s City of Dreams Mediterranean Integrated Casino Resort to Avax – Terna JV – formerly known as J&P Avax – Terna JV)- a joint venture which is 60 per cent owned by AVAX SA and 40 per cent owned by Terna SA.
According to the principal contract, construction is set to begin this month and is scheduled to be completed within 2021, ICR said. The investment for the creation of the resort totals €550m.
City of Dreams Mediterranean will be located in western Limassol and built adapt to the natural environment, ICR added.
It will be the region’s and Europe’s largest Integrated Casino-Resort; featuring a 16-storey hotel tower with 500 guest rooms including multi-bay suites with garden balconies, an exposition centre, an extensive “poolscape” area with four large outdoor pools and amenities such as Jacuzzis as well as an expansive children’s playground and MICE facilities (meetings, incentives, conferencing, exhibitions). It will offer over 100 tables and 1,000 state-of-the-art slot machines.