Paphos earmarked for huge industrial park

19/05/2017
Efforts are underway by Chinese investors to build a huge industrial park in Paphos with the search already underway according to the Paphos Chamber of Commerce and Industry (PCCI).

According to reports in Phileleftheros, an unnamed Chinese firm is seeking to purchase 120,000 square metres of land to accommodate thousands of offices and light industry firms in what will be a gigantic commercial complex on the outskirts of Paphos. An industrial park (also known as industrial estate, trading estate) is an area zoned and planned for the purpose of industrial development.

The park can be thought of as a more “heavyweight” version of a business park or office park, which has offices and light industry, rather than heavy industry.

The reports have been confirmed by PCCI chief Andreas Demetriades who added that “this development will include an exhibition centre as well as vast storage facilities, an international commercial centre to promote products from abroad and an area to assemble products that will be imported from China and then sold to other EU countries.” Development officials in Paphos are hoping that the new venture will be able to attract new business by providing an integrated infrastructure in one location.

 


LEPTOS ESTATES KEY PROJECTS

View All Projects

Adonis Beach Villas

Adonis Beach Village is Leptos Estates’ latest, most luxurious development, set in one of the most desirable locations in Paphos based on the success of the nearby ...

Coral Seas Villas

Coral Seas Villas is located on the coastline in a generally pristine area within walking distance to the Coral Beach Hotel, a 15 minute drive to the metropolitan city of...

Kamares Village

Leptos Estates has created one of the most exclusive developments in Cyprus that is amongst the most distinctive in the Eastern Mediterranean, Leptos Kamares Village. Thi...

Limassol Del Mar

Limassol Del Mar expresses the island's 'new wave' of architecture through its unique High-rise Curvilinear design, that fully capitalizes on the plot's 1...