Evgenios Evgeniou: PPPs create a basis for Cyprus to continue on its growth trajectory

Invest Cyprus Chairman Evgenios Evgeniou said public-private partnerships (PPPs) are a tool that can help the country modernize its infrastructure while creating a basis for Cyprus to continue on the growth trajectory it has been on in the last few years.

Addressing the Unlocking Investment Through PPP International Summit, taking place now in Nicosia, Evgeniou said the aim of the summit is to bring the experts in to explain how PPPs can be incorporated into local policy to attract direct investment – both local and foreign.

“We are here to share best practices, regulatory insights, and help promote PPP projects and facilitate tangible investments going forward, so as to create long-term and predictable revenue streams,” he added. This, he said, will the country continue on its growth trajectory

As Evgeniou pointed out, Cyprus’ investment landscape has been further bolstered by the international rating agencies upgrading the country to ‘A’ investment grade. “We hope PPPs will help bring even more investments into the country,” he said, adding: “Invest Cyprus is committed to bringing in investment, and this summit and workshop are testament to that.”

Concluding, Evgeniou thanked the island’s President and government for being “key supporters of this project”, placing PPPs in infrastructure high on its strategy to attract investment.

Unlocking Investment Through PPP International Summit

Organised by Invest Cyprus, the World Association of Investment Promotion Agencies (WAIPA) and the World Association of PPP Units & PPP Professionals (WAPPP), the conference is titled “Unlocking Investment Through PPP International Summit”.

PPPs are vital for fostering innovation, improving infrastructure, and enhancing public services. By leveraging the strengths of both sectors, PPPs combine the efficiency, expertise, and resources of the private sector with the public sector's access to large-scale projects and social responsibility. This collaboration enables governments to undertake large, complex projects that might be financially or logistically challenging alone, such as building infrastructure, improving healthcare, or advancing technology.

Additionally, PPPs help distribute risks and rewards, ensuring that projects are completed on time, within budget, and to a high standard, ultimately benefiting society as a whole.

Key topics to be addressed:

• The Importance of PPPs and FDI
• Global Challenges, Trends and Direction
• Utilising PPP to Unlock Investment
• What are PPPs and Why Are They Important for Economic Development?
• Why is FDI Important for Economic Development and How can PPPs Contribute to it?
• Benefits and Challenges of PPPs
• Best Case Studies for FDI in Countries with Testimonials from Experts
• Review of the Legal Framework and
• Contractual Best Practices for PPPs
• Workshop: How to Prepare Attractive Investable Projects and How to Promote Them Effectively to the Right FDI Investors.

The Summit is addressed to Cyprus government officials involved in PPP, C-level executives of companies from all sectors of the economy involved or interested in PPP or PPI, and members of WAPPP and WAIPA.

The Summit has been organised by Invest Cyprus, the World Association of Investment Promotion Agencies (WAIPA) and World Association of PPP Units & PPP Professionals (WAPPP).

EY Cyprus is Gold Sponsor, Hermes Airports is Silver Sponsor, and the European Investment Bank is the Knowledge Sponsor.

It is being coordinated by IMH and is taking place under the auspices of the Republic of Cyprus.