Four investment consortia or firms have officially expressed interest in undertaking the major project for the construction of the Paphos Marina, the largest planned on the island, with a capacity of one thousand vessels and extensive onshore developments, at the Potima Beach area in Kissonerga.
The interest expressed by these specific investment firms constitutes the first stage of the expression-of-interest submission process, which is expected to last several more months until the final award stage.
The four investment entities that have formalized their interest in the major project are as follows:
- Celicandia: This is a company of the Korantina Homes Group, one of the largest and best-known development groups in Paphos and Cyprus in general, with its flagship being the ultra-luxury Cap St Georges Hotel and Resort project in Agios Georgios, Peyia.
- Man Group: A construction group from Lebanon.
- Cusano Mare: A newly established consortium of Italian and Scandinavian investors in the construction sector.
- Orestis Fintiklis: A Cypriot investor with business activity in the United States and the son of a well-known figure in the Paphos construction industry.
The same information indicates that the aforementioned investment schemes may not necessarily appear on the state e-procurement website—where expressions of interest are submitted—under these exact names.
Competent authorities also pointed out that the expressions of interest may not yet fully disclose the collaborating consortia that make up each of the submitted proposals.
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