The free neighbourhoods of Famagusta are a famous Cypriot Riviera with beautiful beaches. This area is currently being actively developed with huge investments in new projects that will benefit its residents and attract even more tourists.
Among the most interesting are:
- The construction of a children's centre in the joint municipality of Paralimni-Deryneia for €2.5 million, scheduled for completion in March 2025.
- The renovation of the Frenaros village centre for €1.3 million, which is expected to start in early 2025 with co-financing from the state.
- Opening of the cultural and conference centres in Derinia, for €4 million, as part of the THALIA 2021-2027 programme.
- Equipping the Acheriton Linear Park, at an estimated cost of 815 thousand euros, under the THALIA 2021-2027 programme.
However, the most ambitious project already underway in the region is undoubtedly the construction of a new marina in Paralimni.
We would like to remind you that the works are in their final stages. The completion of this major infrastructure project is scheduled for the summer of 2025. It should be mentioned that the new Paralimni Marina is the only marina project on the island that is 100% financed by a Cypriot investor, so there is no doubt about its realisation. The construction cost of the project is estimated at 100 million euros.
The marina, with a total area of 29,000 m2, will be built in the area of Pernera, in the bay of Luma, between the green zone and the existing fishing pier, which has been in use since 1980. When completed, the new marina will be able to accommodate 300 yachts. There will be shops, restaurants, cafes and a boutique hotel. The pearl of the marina will be an elite residential complex with unique villas and 119 apartments in six high-rise buildings. The tallest building will be 10 storeys high. For the convenience of residents and visitors to the complex, a walkway will be laid to the beaches of Protaras and a car park for a record 600 cars will be created.
The companies involved are PMV Maritime Holdings Ltd, J&P, Marina Projects Ltd, Nicolaidis&Kountouris Metal Company Ltd. The project architect is Harper Downie Creative Architecture (UK) in association with Kythreotis Architects. Camlins will be responsible for the landscaping.
Paralimni Marina is the third in a network of marinas completed, under construction or planned across the island. The Limassol marina has been operating at full capacity since 2014, while the Ayia Napa marina will open in 2022. The Paralimni marina will be the largest development project in the region when it opens in 2025.