Hungarian investor plans to turn Paphos into Dubai
A Hungarian entrepreneur is planning to invest 7.5 billion euros in order to turn Paphos (Cyprus) into a luxury tourist destination that resembles Dubai as GreekReporter website writes.
His ambitious plans include the construction of an artificial island, as well as three or four large hotels and a marina for luxury yachts.
The investment concerns the area of Yeroskipou and the land belongs to the Church of Cyprus. The issue was discussed at a government meeting attended by the Cypriot Minister of Interior Socrates Hasikos and Agriculture, Natural Resources and Environment Nicos Kouyialis, with the participation of Archbishop Chrysostomos, who appeared confident that this huge investment will be implemented soon.
The Hungarian investor seeks to attract wealthy businessmen from his country, who will transfer their companies to Cyprus and permanently reside on the site he is planning to create
- See more at: http://www.parikiaki.com/2014/09/cyprus-hungarian-investor-plans-to-turn-paphos-into-dubai/#sthash.BOtt19b9.BK9yefDg.dpuf
Stunning 4 Bedroom Bungalow on Large Plot - Vrysoulles
An Absolutely Lovely 2 Bedroom Villa for Sale in Avgorou
Delightful 3 Bed Detached Villa - Frenaros
Fantastic 3 Bed Front Line Villa - Ayia Thekla
Luxury 4/5 Bed Bungalow with Land Deeds - Avgorou
Beautiful Spacious 3 Bed Detached Villa - Avgorou
Detached 3 Bed Villa 60m From the Sea - Ayia Thekla
Reduced 3/4 Bedroom Large Villa with Land Deeds - Avgorou