Government investment in state industrial estates totals 89 million euros

Commerce and Industry Minister Michalis Damianos recently announced that the Cyprus government has invested a total of 89 million euros into state industrial estates to date. This expenditure covers the ongoing maintenance of infrastructure, including road resurfacing, pavement repairs, and the upkeep of public utility areas and green spaces. The minister provided this data in response to a parliamentary question submitted by DISY Famagusta MP Nikos Georgiou, highlighting the state's role in creating serviced industrial plots.

Looking ahead, the ministry has earmarked an additional 5.775 million euros for infrastructure development between 2026 and 2029. This budget includes 2.975 million euros for road improvements at the Monagrouli industrial zone and 2.8 million euros for constructing a bridge to connect the Tremithousa industrial zone with the Paphos industrial area at Mesogi. Furthermore, the ministry is pursuing modernization projects to enhance site security, specifically noting the installation of fencing around the Strovolos industrial estate to protect the facility. Industrial zones are developed based on regulatory plans drafted by the Town Planning and Housing Department, ensuring that all plots are equipped with essential utilities such as electricity, water, and telecommunications for qualifying tenants.