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H.E. President Nicos Anastasiades officially inaugurates Minthis Hills



H.E. President Nicos Anastasiades officially inaugurates Minthis Hills

Minthis Hills officially inaugurated by H.E. President Nicos Anastasiades on 17.09.14

The official Minthis Hills opening ceremony, which coincides with the completion of the first phase of the project, was held on Wednesday 17th September and was a resounding success. The event was presided over by President of the Republic of Cyprus Mr. Nicos Anastasiades, who congratulated Mr. Elias Eliades, Chairman of the Pafilia Group of companies, for having the vision and boldness to create such an exceptional resort. He commented that projects of this calibre and magnitude are of significant importance to Cyprus, as it is projects of this nature which draw the required investment that will drive the Cyprus economy forward. He added that the Government will do its upmost to support and encourage such investments by continuing to implement measures to attract foreign investment, such as extending the range of land development for the realisation of large projects, offering licensing incentives for tourist projects, and the further facilitation of incentives to drive permanent residence and citizenship applications.

Guests travelled from across the globe to attend the opening which was also graced by the presence of Archbishop Chrysostomos II, the President of the House of Representatives Mr. Yiannakis Omirou, the Minister of Energy, Commerce, Industry and Tourism Mr. George Lakkotrypis, Foreign Diplomats, State and Local officials, in addition to key partners and esteemed members of the local business community. During his welcoming speech, Mr. Eliades pointed out the level of the total expected investment, estimated at €400,000,000 and the subsequent contribution to the local economy. He additionally stressed the importance of securing the license for the entire project in boosting the interest of foreign purchasers and commented on the need for a shift of Property Development in general, towards a quality model. In his closing remark he thanked all stakeholders for their vision and hard work that enabled this extraordinary success.

Following the ceremony guests enjoyed a memorable cocktail party in the stylish Minthis Hills clubhouse with the magnificent backdrop of the illuminated 18-hole championship golf course and 12th century monastery.

When completed, Minthis Hills will include a luxurious spa, village square, health club, equestrian centre, tennis academy and over 500 private residences, it will undoubtedly be one of the most exclusive and luxurious residential golf resorts in the eastern Mediterranean and has already set new standards for living and leisure in Cyprus.

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