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EKO Cyprus Moves Forward With Larnaca Waterfront Transformation

Bold Redesign Of Larnaca’s Waterfront

EKO Cyprus Ltd has moved forward with plans to redevelop the former refinery area in Larnaca, with the project entering the final stage of environmental licensing. The proposal is currently under review by the Department of Environment, while the public consultation process will remain open until June 10.

Comprehensive Mixed-Use Development

The proposed Master Plan envisions the creation of a modern, dynamic urban hub composed of five distinct yet interlinked developments. The masterfully layered plan includes:

  • A 7-story hotel with 150 rooms spanning approximately 10,155 m²;
  • A 1,200 m² MICE facility designed to boost the professional tourism sector;
  • An upscale residential development offering 313 apartments over 31,300 m²;
  • A combined commercial and office complex providing 9,500 m² of retail space and 10,300 m² of office area.

This bold initiative places a strong emphasis on environmental sustainability by integrating extensive green spaces and recreational areas accessible to the public, substantially enhancing an area that has long been synonymous with industrial activity.

Integrated Infrastructure And Intelligent Design

Key infrastructural elements include a shared underground level for the hotel and conference center, accommodating parking and waste management facilities. The ground floor offers 51 parking spaces (including 9 dedicated to the disabled), while the basement provides 186 spaces (4 for the disabled). Similarly, the residential building is designed with an underground level hosting 325 spaces (22 for accessibility), and the commercial and office segments will collectively feature over 329 dedicated parking spots. In all, the project efficiently provides 891 parking spaces, including 63 for the disabled.

Environmental And Socioeconomic Benefits

According to the Environmental Impact Assessment conducted by YNB Consulting Limited, the removal of the former refinery installations has already significantly reduced pollution risks. The planned development is poised to deliver multifaceted benefits by:

  • Enhancing urban aesthetics with modern hospitality, leisure, and commercial facilities;
  • Generating a multitude of new job opportunities that spur economic growth;
  • Serving as a catalyst for further urban projects in the region;
  • Driving local tourism through the hotel and conference center, with a wider impact on the national tourism market;
  • Boosting quality of life through public green spaces designed for recreation and community events.

In addition, the project will address potential traffic challenges by proposing strategic improvements, such as upgrading junctions, installing pedestrian crossings with photo controls, and promoting alternative transit options like cycling and public transport.

A Vision For The Broader Urban Landscape

The redevelopment plan also includes a seafront promenade and linear park intended to connect multiple areas of Larnaca’s coastline, including Oroklini, the marina area and the city centre. According to the proposal, the waterfront area is intended to function as a public space for walking, recreation and public events while supporting broader urban regeneration efforts across the district.

Public Engagement And Future Prospects

EKO Cyprus Ltd has already held public presentations, capturing local insights and fostering a collaborative planning process. The broader project, part of the “Development Plan for the Former Refineries Area,” has redefined the zone as a Special Urban Development Area (ZEADA) since 2020. This milestone opens the door to similar forward-thinking urban projects that promise to transform Larnaca’s industrial past into a vibrant urban future.

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

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.

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.

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