Cyprus’s search for a strategic investor for the Science and Technology Park in Pentakomo is still underway, the Ministry of Energy, Commerce and Industry says, responding to concerns from Limassol’s business community over delays and a lack of information.
The Ministry describes the project as a government priority and says it is taking the steps required to complete the process. The park is intended to attract high-quality investment, strengthen research and innovation, and create jobs.
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Business Community Raises Concerns
The Ministry’s statement followed an announcement last Friday by the Limassol Chamber of Commerce and Industry, which expressed dissatisfaction and growing concern. The Chamber cited a lack of progress on the project and insufficient updates about the search for a strategic investor.
Ministry Cites Procurement Rules
In response, the Ministry said the process is being conducted in accordance with applicable legislation and public procurement rules, with the principles of transparency, equal treatment, and protection of the public interest guiding its work.
It added that it cannot comment on specific aspects of the process while it remains ongoing, because doing so could disrupt its orderly conduct or prejudge the outcome.
Official Update to Follow
The Ministry said it recognizes the business community’s interest and remains committed to advancing the project. It will provide an official update once results can be made public.
