Page 21: of Maritime Reporter Magazine (July 2018)

Maritime Cyprus had a big presence at the recent

Posidonia 2018 exhibition in Athens, Greece.

on land and at sea, investment to attract more yacht and sailing activities.

Cyprus Facts “Cyprus is an island nation, and a lot of im-

Capital: Nicosia portance comes with tourism, seas and yacht-

GDP: $31.19B (2017 est.) ing,” said Pilides. Limassol Marina on the % GDP from Maritime: 7% west side of the island became operational in

Population: 1,221,549 2014 and represents a large investment which

World Rank, Population: 159 helped to dramatically increase the number of

Median age: 36.8 years yachts sailing in and around Cyprus. “We have

Land Area: 9,251 sq. km.

plans for several more marinas, a lot going on

World Rank, Land Area: 170 that will connect the island by sea,” said Pi-

Coastline: 648 km lides. “We also have plans to create more spe-

Highest point: Mount Olympus 1,951 m ci? c spatial planning to do with ? sheries, com-

Merchant Marine, total: 1,022 mercial activities, as well as tourist project

By type: bulk carrier 307, container ship 183, gener- investment. Generally there is a lot of interest al cargo 164, oil tanker 57, other 311 (2017) in hotel renovation.”

World Rank, Merchant Fleet: 24

While attracting the building of tourism and

Major seaport(s): entertainment facilities to help bring in the

Larnaca, Limassol, Vasilikos, Famagusta, global yachting community is one aspect, Pi-

Kyrenia lides is taking a holistic look at the entire blue economy sector for her country.

Source: CIA World Factbook “The goal is to expand the cluster in every single aspect; we’re not just looking at bring- ing in more ships under the Cypriot ? ag, we think Cyprus combines many ingredients that are interested in more companies expanding you can ? nd in many other places, rarely can you here, choosing Cyprus as a location for of? ces ? nd them in one place like Cyprus,” said Pilides. and headquarters. We have many companies that “The human capital, the quality of people that are currently expanding their presence here,” you can ? nd here is important. There’s a high said Pilides. “We’re hoping to attract new com- quality of life, a cheaper cost of living and our panies, as well as help our current client compa- ? ag is a very high quality ? ag.” nies expand.”

Location, ? nance and people are individually

When discussing Cyprus as a location with strong threads, woven together by strong govern- shipping, tech and ? nancial companies, Pilides ment support to create the fabric that is Cyprus believes Cyprus has an obvious advantage. “I maritime.

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