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06.02.2026
Updated
6 February 2026

New €25 Million Cultural Center to Be Built in Larnaca

Larnaca has effectively turned into a huge construction site, striving to meet tight deadlines and correspond to the status of European Capital of Culture 2030. A whole range of infrastructure and development projects are being implemented and prepared for licensing in the city simultaneously. The main goal of the municipality is to attract the maximum possible share of funding from the significant budget that the European Commission annually allocates to cities receiving the title “European Capital of Culture.”

Against the background of growing competition between European cities, Larnaca is focusing on large-scale cultural and public facilities that should not only beautify the city but also provide a long-term economic effect through tourism, international events, and business activity.

New cultural center by the sea

One of the key projects is the development of a large multifunctional cultural center on the coastal territory of former oil refineries. The estimated cost of the project is 25 million euros. The facility is designed as a modern space capable of hosting major cultural events, international conferences, and business forums.

The Municipality of Larnaca is currently awaiting all necessary permits to begin construction. According to the project, the building will house a modern theater with a capacity of up to one thousand people, allowing large-scale theatrical productions, concerts, and international-level festivals to be held.

Infrastructure for culture and business

In addition to the theater stage, the complex will function as a full-fledged congress center. It will include office premises, conference halls, a restaurant, a cafe, public spaces, recreation areas, green landscaping, and parking facilities. This format makes the facility versatile and in demand year-round, not only during the tourist season.

Project financing is planned through European funds, which fully corresponds to Larnaca’s strategy of maximizing the use of EU programs. The architectural concept was developed by the world-renowned firm Foster + Partners, whose projects have been implemented in the largest cities around the world.

В Ларнаке построят новый культурный центр за 25 млн евро

Connection with the Land of Tomorrow project

The future cultural center will be located on a plot of 3,500 m2 and will neighbor the large-scale development project Land of Tomorrow. The coastal piece of land was transferred to the Municipality of Larnaca by one of the developers as a compensatory measure within the implementation of this major project, which is also at the licensing stage.

The development of Land of Tomorrow is fully overseen by the Petrolina group together with the architectural firm Foster + Partners. Thus, both projects form a unified modern urban space focused on culture, innovation, and sustainable development.

Permit issues and business expectations

The CEO of the Petrolina group, Dinos Lefkaritis, called on all relevant government services to accelerate the permit issuance process, expressing dissatisfaction with bureaucratic delays. According to him, the developer did not request any concessions or special conditions; however, instead of project progress, they are facing additional obstacles and constant redirection of documents between departments.

In the Larnaca business community, the project is considered strategically important. The President of the Larnaca Chamber of Commerce and Industry, Nakis Antoniou, emphasized that the new cultural center will become a powerful tool for promoting the city on the international stage. According to him, the facility will allow cultural events and conferences from different countries to be hosted, increasing Larnaca’s tourist attractiveness and strengthening its role as a cultural and business hub of the Eastern Mediterranean.

In the context of preparations for 2030, this project is considered one of the key elements of the transformation of the urban environment and the long-term development of Larnaca.

Source: stockwatch.com.cy
Photos: pixabay.com, DOM

You can find a full list of available residential and commercial properties in Larnaca from the specialists at the number one real estate agency in Cyprus, DOM, by calling +357 24 030 062 or by scheduling a personal meeting at Agias Faneromenis 21, Fanermeni 6025, Larnaca, Cyprus.

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