Nikolas Diomidis appointed as new president of the Cyprus Land Development Corporation

On August 6, 2026, electrical engineer Nikolas Diomidis was appointed as the new president of the Board of Directors of the Cyprus Land Development Corporation (K.O.A.G.). This appointment marks a change in the leadership of the state-affiliated organization tasked with addressing housing needs in Cyprus.

Following his appointment, Diomidis identified the lack of affordable housing as a major social challenge, particularly for young people and young couples. He expressed his commitment to working alongside the organization’s Board of Directors and staff to develop policies aimed at providing effective solutions to the housing crisis. Diomidis emphasized that his primary goal is to alleviate the financial burden on citizens while acting in the best interest of society.

The appointment comes at a time when housing affordability remains a significant issue for the Cypriot population. Diomidis has committed to addressing these challenges with consistency and persistence as he begins his tenure.