CITEA and Invest Cyprus sign memorandum to boost technology investment

On September 29, 2026, the Cyprus Information Technology Enterprises Association (CITEA) and the state investment agency Invest Cyprus signed a memorandum of understanding (MoU). This agreement establishes a formal framework for institutional cooperation aimed at strengthening the link between international investors and the domestic technology sector in Cyprus. The initiative is a core component of the new strategy adopted by CITEA’s board to expand professional networks for its members.

The partnership focuses on facilitating synergies between local technology businesses and international companies establishing operations on the island. By fostering these connections, both organizations aim to drive the digital transformation of the Cypriot economy and create new business opportunities in both local and international markets. Discussions held during the signing also emphasized the critical role of the technology sector as a primary pillar for future economic development. This collaboration marks a strategic effort to better integrate Cyprus into global tech value chains, providing local firms with access to international markets while supporting foreign entities entering the Cypriot market.