The Impact of the Foreign Investor on the Limassol companies
In cooperation with IMH, Prospectacy proudly participated as the Main Sponsor at the 2nd Limassol Business and Investment Summit in Limassol, Cyprus. This event presented a wealth of information attempt to map the future of retail in Limassol. The main trends, challenges, and opportunities faced by retailers were in focus. Significant impetus is also recorded in the shipping sector where the potential for growth is huge.
Entrepreneurship is synonymous with risk and uncertainty. As much as many try to deny it or reform it, change and entrepreneurship do not go together with “certainty”. The business person is the one who seeks change and invests in his country and abroad. It exploits it and invests in new products, new services, new methods and processes of production, new ways of distribution and new markets.
Entrepreneurship of Limassol
The decade we are going through is a milestone for the development of the local economy and entrepreneurship in Limassol, as the city of Limassol has seen unprecedented growth in recent years. Limassol has all the qualities to become the business star of the eastern Mediterranean, a city that attracts foreign investment and is slowly and steadily establishing itself as the headquarters of global multinational companies.
FDI is a key driver of economic growth and fortunately, Limassol has managed to attract significant investment in recent years. Of particular interest are global technological giants who choose the Cypriot city to install large data centers and international innovation centers, where after a few years many young Cypriots and young Cypriots with high qualifications will be working. The leading role that foreign companies will play in the coming years in the development of the economy will sharply increase demand with a positive impact on the country.
Trends, challenges, opportunities
After all, why do investors choose Limassol for large-scale projects? How can the city become even more attractive? Answers will be given by four key figures who will participate in a round table discussion as part of the 2nd Limassol Business and Investment Summit presented by Prospectacy Ltd and which will be held on June 3, 2022. The panel will include Max Portelli, CFO of BrainRocket and member of Techisland, Petr Valov, CEO of Exness and member of Techisland, Kevin Sweet, Vice President of Finance/Property CFO of Melco Cyprus and Oren Plotkin, Managing Partner of Emerland Real Estate by Gilad Shabtai.
The conference will attempt to map the future of retail trade in Limassol. The main trends, challenges and opportunities facing retailers will be in focus. A significant boost is also registered in the shipping sector, where the growth potential is enormous.
Education, industry and healthcare will be put under the microscope in an attempt to find solutions to the problems encountered in these industries.
A discussion will also be held regarding real estate. After all, a big challenge is balancing between attracting high-end international buyers and offering affordable housing to locals. Conference speakers will present overall the positive effects of the presence of foreign investors in the city and the ways in which the leading investment destination is called upon to adapt to the demands of the international market.
The Conference to be held at the Parklane Resort & Spa, in Limassol, is considered one of the most important this year and is expected to attract the city’s business elite. It is aimed at owners, managing directors and other senior managers from businesses operating in Limassol, as well as government officials, diplomats, politicians, local administration and the media
Take part and get informed by the people in the decision-making centers about the main strategic goals, future development and prospects of Limassol. The Conference will also allow participants to understand how any expansion of their operations in the city will positively affect the course of their business. As last year, this year’s leading business event will also be an excellent opportunity to network and discuss with other Conference participants.