Cyprus has taken a major step toward becoming a global leader in space exploration, with the Cyprus Space Exploration Organisation (CSEO) signing “landmark Memorandums of Understanding (MoUs)” with Invest Cyprus and Strategy International (SI). These partnerships aim to drive growth in Cyprus’s space ecosystem, attract global investment, foster innovation, and enhance international collaboration.
The MoUs were signed on Friday at CSEO’s Nicosia headquarters, with notable guests including Marios Tannousis, CEO of Invest Cyprus, and representatives from the USA Embassy and CYENS Centre of Excellence. The collaboration will leverage CSEO’s expertise in space research, Invest Cyprus’s focus on attracting foreign direct investment, and Strategy International’s strategic and geopolitical insights.
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These partnerships build on the recent signing of the NASA Artemis Accords and CSEO’s involvement in the Artemis Lunar Programme. CSEO’s President, George Danos, highlighted that this collaboration will create a powerful engine for innovation, attracting foreign talent and investments, and laying the foundation for long-term growth in the space sector.
Invest Cyprus Chairman, Evgenios Evgeniou, emphasized that the space sector holds immense potential for economic growth, while Dr. Marios P. Efthymiopoulos from Strategy International expressed confidence that their expertise would help solidify Cyprus as a leader in global space efforts.
The MoUs aim to drive strategic investment, accelerate innovation, and ensure the commercialization of Cyprus’s space sector, strengthening the country’s role in international space cooperation.