SuperyachtNews.com spoke to the management team at the Orascom Group who confirmed the reports that the investment was going ahead. They added that it was not related to Orascom Development Holding, one of the group’s companies, which is well-known in the superyacht industry for its current development in Lustica Bay, Montenegro.
Work on the new marina will allegedly start mid 2015 in the Ayia Thekla-Liopetri area and previous plans suggest that it will provide berthing and other facilities for 600 yachts measuring up to 60m.
Sawiris was received by President Nicos Anastasiades in Cyprus who later tweeted; “We welcome the highly important 220 million [euro] investment by Orascom in Ayia Napa.”
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