The government is currently reviewing investor proposals for the Paphos Marina project, according to Andreas Demetriades, President of the Association of Large Investment Projects.

The submission period for investor proposals closed on January 22. Demetriades stated that, in collaboration with appointed consultants, the government will assess these proposals before finalizing the tender terms and specifications. The international tender for the construction and operation of the marina is expected to be announced within the first half of the year.

Demetriades noted that the marina will have a mooring capacity of 1,000 berths. This figure is based on a market study conducted by the government to determine the necessary capacity for the marina. He emphasized that Paphos' geographical location justifies the need for a marina of this size, or even larger.

Beyond its mooring facilities, the Paphos Marina will include commercial spaces, retail stores, sports centers, fitness facilities, residential developments, and a cultural center. Preliminary studies indicate that the marina will also feature support services such as a reception building, medical center, fuel station, and other essential infrastructure.

According to Demetriades, the marina’s construction will significantly enhance the economic prospects of the entire Paphos region, positioning it on the "global nautical map," particularly within the yachting tourism sector. This niche market primarily attracts high-net-worth visitors, further strengthening the local economy.

He also highlighted that the marina’s development will bring multiple benefits, including the growth of maritime tourism in both Paphos and Cyprus, the enrichment of the island’s tourism offerings, and the attraction of maritime tourists and investors. Ultimately, the project is expected to establish Paphos as a premier yachting destination.