CBN Young Dragon Awards by category: Construction and Real Estate

The Open Call for the new CBN Young Dragon Awards has begun and nominations for this exciting new institution can now be submitted online in a range of 10 categories, including Construction and Real Estate.

With submissions accepted until 31 July, 2024, the CBN Young Dragon Awards sees Cyprus Business News awarding and celebrating young talent, potential and early achievement in business.

More specifically, the CBN Young Dragon Awards is an annual event honouring professionals/executives under 40 who have demonstrated outstanding achievements, leadership prowess and a commitment to having a positive impact on their companies and on the broader business community.

The Construction and Real Estate sector is often described as a pillar of Cyprus’ economy, and one of its most resilient.

In the first quarter of 2024, for example, the construction sector alone contributed €0.38 billion, showing an increase of 10.2% compared to the same quarter in 2023 and 4.9% compared to the fourth quarter of 2023. The entire GDP at the end of the first quarter of 2024 amounted to €6.59 billion.

And, representing President Nikos Christodoulides at a recent event, Transport, Communications and Works Minister Alexis noted that 40 infrastructure projects amounting to a value of €862 million were currently underway.

This was part of a broader scope of development that has seen 84 projects, costing €248 million, completed over the last three years while Vafeades also announced plans for 72 projects worth approximately €1.25 billion. These are set to commence over the next four years, supported by both state funds and European Union co-financing.

When it comes to Real Estate, meanwhile, several studies carried out by reputable companies have indicated that the sector had demonstrated remarkable resilience and flexibility. The total value of transactions for 2023, for example reached €5.5 billion, the same levels as in 2022.

Among other things, the reports also note that the housing market in Cyprus continues to grow amid an increase in property sales due to strong domestic demand, coupled with the return of foreign investors. Buying commercial real estate for investment purposes in Cyprus also remains an attractive prospect, the research suggests.

Returning to the Awards: Dragons are majestic creatures that have resonated in various cultures, symbolizing many elements, amongst which the most prevalent are power, strength, wisdom, luck, knowledge, hope and rebirth.

The symbol of the dragon encourages self-discovery and personal growth, urging individuals to embrace their inner power and release their true potential. The dragon embodies the journey of transformation, which empowers them to rise above all limitations and obstacles.

Dragons are full of confidence yet, at the same time, they demonstrate compassion and grace and this is exactly why the dragon is the symbol that we have chosen for the Cyprus Business News awards.

Nominations for the awards can be submitted through an open call procedure for the following categories:

1. Tourism, Hotel, Leisure, Food and Beverage
2. Construction and Real Estate
3. Trading and Manufacturing (retail trade, wholesale trade, manufacturing)
4. Technology (technology companies, software, hardware, telcos, etc.)
5. Services (Education, Health, Media, Communications, Advertising, Supply Chain and Logistics)
6. Financial Services (Banking, Investing, Insurance, other financial services)
7. Shipping
8. Professional Services (law, accounting, consulting)
9. Gaming
10. Young Entrepreneur

All companies interested in nominating one or more employees can, until the closing date of 31 July, 2024, submit their applications using the open call template provided via CBN.

All applications/ nominations in each award category will be evaluated by an Awards Committee consisting of more than 50 personalities from the business world in Cyprus. Members of the Awards Committee may be related to specific award categories or have a more diverse business background and experience

The Committee will select the four (4) candidates with the highest score in each category, who will be announced to the public for voting.

Awarded individuals will be the candidates obtaining the highest score in the joint public and Committee vote with weighted average: 50%-50%.

CBN Young Dragon Awards! We vote for and endorse those young professionals – the young dragons – who have set out to conquer the business world, sending a powerful message of inspiration, empowerment and excellence, qualities we aim to recognize and promote in the next generation of business leaders!

Click HERE to find out more and submit your nominations now. Remember that the closing date for submissions is 31 July, 2024.