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Cyta’s RedMax Acquisition Positions Cyprus For A Bigger Role In Regional Data Infrastructure

by THEFUTURE.TEAM

July 7, 2026

Cyta has signed an agreement to acquire the RedMax Data Centre in the Latsia Industrial Area, marking a significant expansion of its digital infrastructure and reinforcing Cyprus’ ambitions to strengthen its position as a regional data hub.

The acquisition includes a phased expansion and upgrade of the facility. The first phase is expected to become operational in early 2027, with the completed project set to become the largest privately owned data centre in Cyprus.

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Expanding Digital Infrastructure

The investment significantly expands Cyta’s data centre portfolio, increasing its capacity to provide cloud services and equipment colocation for businesses, public sector organisations and international institutions.

According to Cyta, the upgraded facility will offer secure, high-availability infrastructure built to international standards, incorporating advanced physical security and cybersecurity systems, ISO certifications and renewable energy sources to meet part of its electricity demand.

“The investment is the next significant step in the development of Cyta Data Centers,” the company said, adding that the project will strengthen its ability to deliver cloud and hosting services at a larger scale.

Cyta also said the investment, together with its existing data centres and international submarine cable network, will further enhance Cyprus’ role as a regional digital hub while supporting the country’s technological and economic development.

Part Of A Global Data Centre Expansion

The investment comes as spending on data centres accelerates worldwide, fuelled by growing demand for cloud computing and artificial intelligence infrastructure.

Technology research firm Omdia estimates cumulative global investment in data centres will approach $1.6 trillion by 2030, while leading technology companies are expected to spend more than $600 billion on AI infrastructure in 2026 alone.

McKinsey & Company projects that global investment in data centres will reach $6.7 trillion by 2030, with the majority directed toward AI-ready facilities capable of supporting increasingly complex computing workloads.

Strengthening Cyprus’ Digital Position

Against that backdrop, Cyta’s investment reflects the growing strategic importance of digital infrastructure as countries compete to attract cloud services, AI workloads and international data storage.

For Cyprus, the project represents more than an expansion of capacity. By combining a larger data centre footprint with its international submarine cable network, Cyta is strengthening the island’s position as a digital gateway connecting Europe, the Middle East and neighbouring regions.

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Cyprus Promotes Ship Registry In Asia As Fleet Grows To 25-Year High

by THEFUTURE.TEAM

October 19, 2026

Cyprus is stepping up efforts to attract international shipowners, with Shipping Deputy Minister Marina Hadjimanolis holding high-level meetings in China and Japan as the country’s ship register reaches its strongest level in 25 years.

Running from October 14 to 29, the Asian mission focuses on expanding commercial ties, promoting the advantages of the Cyprus flag and strengthening cooperation with shipowners, shipbuilders and maritime authorities.

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China Meetings Target Shipowners And Industry Leaders

In Shanghai, Hadjimanolis met Wang Qian, vice-director of the Shanghai Pudong New Area Commission of Commerce and Shipping Service Office, ahead of the North Bund International Shipping Forum on October 20–21. Organisers expect around 4,000 participants from more than 50 countries and regions, with discussions covering international shipping, maritime safety, financing, insurance, digitalisation and the transition to cleaner fuels.

The minister also met representatives of Dalian Trawind Shipping and Fortuna Shipbrokers Inc. to present the Cyprus registry’s advantages and explore registration opportunities for vessel owners. On October 20, she is scheduled to speak at the 10th Annual Capital Link International Shipping Forum in Pudong, joining a ministerial roundtable on international maritime leadership.

A visit to Zhoushan is also planned for the naming ceremony of Kypros Island, a new vessel for the Cyprus register owned by Safe Bulkers. Launched in June at the Tsuneishi shipyard on Xiushan Island, the 81,200-deadweight-tonne methanol dual-fuel bulk carrier is scheduled for delivery at the end of October. According to the Zhejiang Maritime Safety Administration, sea trials were due to take place between October 11 and 16.

Japan Engagements Strengthen Maritime Ties

Before travelling to China, Hadjimanolis met Japan’s Parliamentary Vice-Minister for Land, Infrastructure, Transport and Tourism, Kenta Aoshima, in Tokyo on October 16. Her programme also included meetings with senior representatives of Shoei Kisen Kaisha, Nihon Shipyard, NYK Line, ITOCHU Corporation and SSY Projects, focusing on cooperation with Japanese shipowners, shipbuilders and shipping operators.

At the 5th Annual Capital Link Japan Maritime Forum, held at the Tokyo American Club, Hadjimanolis discussed maritime leadership, competitiveness, policy and international cooperation with Capital Link founder and president Nicolas Bornozis. Other sessions examined Japan’s shipbuilding strategy, new-vessel financing and the development of ammonia-powered ships.

The Tokyo programme followed a Cyprus Ship Registry reception on October 15 for representatives of Japan’s maritime and business communities. Hadjimanolis outlined the country’s shipping services and regulatory framework, while Polys Hajioannou, chief executive of Safe Bulkers and president of the Cyprus Union of Shipowners, delivered the opening remarks.

Registry Reaches Highest Level In 25 Years

At the reception, Hadjimanolis said the Cyprus Ship Registry had grown by 27% since September 2023, reaching its highest level in a quarter of a century. She attributed the expansion to efforts to improve competitiveness, simplify administrative procedures and provide more responsive services to international shipowners.

Cyprus’s inclusion on the White Lists of the Paris and Tokyo Memoranda of Understanding was another point highlighted by the minister. These lists reflect the safety and inspection performance of ships flying a national flag.

Existing commercial links with Japan include Safe Bulkers’ announcement in May of four Japanese-built dry bulk vessels scheduled for delivery in 2029.

South Korea Next On The Maritime Agenda

Hadjimanolis’ mission will continue in South Korea, where she is expected to attend the 2026 World Maritime Day Parallel Event and Korea Maritime Week alongside International Maritime Organization Secretary-General Arsenio Dominguez and government representatives from several countries.

Her programme will also include discussions on implementing international maritime conventions and bilateral talks aimed at strengthening Cyprus’s shipping ties with South Korea.

The Asian outreach comes as maritime centres compete for shipowners amid geopolitical uncertainty, fleet renewal and pressure to reduce shipping emissions. For Cyprus, the strategy combines promotion of its registry with closer relationships across Asia’s shipbuilding and shipping sectors.