The National Investment Promotion Agency, Invest in Cyprus, is keen to position Cyprus as an attractive investment and business hub and to serve as the gateway to the European Union. Recent engagements at the 2024 Annual Investment Conference (AIM) in Abu Dhabi underscored this commitment, followed by a strategic visit to Kuwait.
Known as the investment sector's premier event, AIM 2024 attracted a large number of international investors, providing a platform to discuss trends and opportunities in foreign direct investment. Invest Cyprus took this opportunity to showcase Cyprus as a reliable investment destination with a stable business environment and favorable tax system.
Marios Tanousis, CEO of Invest Cyprus, spearheaded a series of important business meetings during the AIM event. Working closely with key figures such as Kostas Koumis, Deputy Minister of Tourism, Ambassador of Cyprus to the UAE Meropi Christofi, and Commercial Advisor George Partasaid of the Cyprus Trade Center in Dubai, Tannousis highlighted the investment prospects for Cyprus and the Middle East. Focused on fostering relationships with businesses. He is also eyeing expansion into the EU.
Invest Cyprus continued its momentum by embarking on a mission to Kuwait, where Tannusi had the privilege of meeting Prime Minister Sheikh Mohammed Sabah Al Salem Al Sabah. As a member of the Management Board of the World Association of Investment Promotion Agencies (WAIPA), Tannoussis participated in discussions at the United Nations Conference on Trade and Development, along with WAIPA CEO Ismail Elshahin and Director of Investments and Enterprises James Zan ( UNCTAD). During the meeting, he delved into investment opportunities, challenges for foreign direct investment, and strategies to attract more investment to the region.
AIM serves as a global initiative by the UAE Ministry of Economy and provides an important platform for international dialogue on investment policies, strategies and practices for sustainable development and inclusive global growth.
Invest Cyprus' success at AIM 2024 has significantly enhanced Cyprus' reputation as a hub for international investment. Their efforts are poised to attract new investment, spur job creation and strengthen the Cypriot economy.
[With information from CNA]
