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KEO Plans €25 Million Industrial Expansion In Limassol

KEO announced plans for a €25 million industrial investment project aimed at consolidating its production, processing and logistics operations in Limassol. The proposed development, currently under review by relevant authorities, involves the construction of a new alcoholic beverages bottling and distribution center in Kato Polemidia.

Strategic Location And Integrated Logistics

The facility will be located near the port’s vertical road within the Kato Polemidia municipal district, providing direct access to both Limassol Port and the Limassol–Paphos motorway. According to the company, the project is intended to centralize production, processing and logistics functions to improve operational efficiency and strengthen distribution capabilities.

State-of-the-Art Facility And Economic Impact

The development will cover approximately 44,000 square metres and include a main building spanning around 34,000 square metres across three levels. Plans for the facility include basement areas for raw material storage and ageing processes, a ground floor housing production and bottling lines and upper-level administrative offices. Operations at the site will work alongside the company’s existing winery in Mallia and will manage products ranging from bulk alcohol and wine inputs to bottled wines and spirits.

Construction is expected to begin following approval of planning and building permits and is projected to continue over 24 months. The investment is also expected to create up to 50 direct jobs, contributing to economic activity in the Limassol area. According to KEO, the project forms part of the company’s broader strategy to strengthen production capacity and support long-term operational development in both domestic and international markets.

Cyprus Employment Rises 1.7% To 525,167 In Q2 2026

Cyprus employment increased 1.7% year over year to an estimated 525,167 people in the second quarter of 2026, according to the state statistical service, Cystat. Employees accounted for 472,254 of the total, while 52,913 were self-employed. The increase points to continued labor market growth across both wage employment and independent work.

Trade, Construction And Leisure Lead Employment Growth

Wholesale and retail trade, including motor vehicle and motorcycle repair, recorded some of the strongest employment gains, alongside construction and arts, entertainment and recreation.

Those sectors are closely linked to domestic economic activity, with trade reflecting consumer demand and construction reflecting investment. Employment growth in leisure-related industries also points to continued activity in consumer-facing services.

Hours Worked Rise Faster Than Employment

Labor input increased faster than headcount. Cystat estimated that employees and other workers put in 246.57 million hours during the second quarter, up 2.2% from a year earlier.

The increase suggests that businesses were not only employing more people but also recording higher total hours worked. Wholesale and retail trade, construction, and arts, entertainment and recreation again recorded the strongest gains.

Labor Market Expansion Remains Broad-Based

The combination of higher employment and hours worked points to continued expansion in Cyprus’ labor market during the second quarter. The pace remains moderate, but gains across several major sectors indicate that labor demand continued to support economic activity.

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