The Ministry of Energy, Commerce and Industry has announced yet another extension for the submission of bids in the tender seeking a strategic investor for the creation and operation of the Science and Technology Park (STP) in Pentakomo.

The new deadline is now January 28, 2026, replacing the previously extended date of December 10, 2025.

>>Another Delay: Pentakomo Tech Park Tender Pushed Yet Again<<

According to the ministry, the tender — listed as ΥΕΕΒ/ΥΒΤ/02/2025 and titled “Development and Operation of a Science and Technology Park (STP)” — has been modified through Addendum 3, which updates paragraph 6.1 of Part A of the tender documents. The addendum also includes clarifications responding to questions submitted by interested economic operators. Additional information has been made available through the ministry’s online channels.

The announcement reiterates that the tender is a competitive procedure with negotiation, aimed at identifying a suitable strategic investor to develop and operate the long-planned STP in Pentakomo.

The latest postponement adds to a growing list of missed deadlines for a project that has been under discussion for nearly two decades.

• June 19, 2025: The government officially launched the tender process, presenting it as the long-awaited restart of the Pentakomo Science and Technology Park after years of stalled plans.

• September 8, 2025: The first extension was announced, delaying the submission deadline.

• November 7, 2025: A second extension pushed the date to December 10, 2025.

• December 2025: Today’s update prolongs the process once more, moving the deadline to January 28, 2026.

Despite being envisioned as a flagship hub for research, innovation, and high-tech enterprises, the STP has struggled to progress beyond planning stages. With each successive delay, concerns grow over the project’s timeline credibility and whether Cyprus can effectively deliver a development once promoted as a catalyst for the island’s technological economy.