Cyprus has increased prospects in the Blue Economy sector, taking into account its geographical position and the wealth of its marine resources, said on Saturday President of the Republic, Nikos Christodoulides, adding that in order to strengthen this sector, the creation and support of centers, such as the Limassol Municipality Blue Innovation Centre – Royal Caribbean International, are essential.
In his address at the inauguration of the Centre, in Limassol, President Christodoulides said that Limassol is home to over 200 companies providing maritime services, and there is significant tourism and maritime activity.
“Therefore, this sector, through the city of Limassol, can play an even more significant role in the economic development of our country. That is why the Ministry of Shipping plays a crucial role in achieving these goals,” he said.
The economy of Cyprus, the President remarked, is strengthened through collaboration among academic institutions, public and private entities in our country, to transform innovative ideas into startups.
Christodoulides emphasized the importance of innovation, which, as he said, is the driving force behind a successful and resilient economy. The establishment of the Center will significantly enhance efforts in this direction, as it focuses on the blue economy and seeks to address challenges through the creation of a strategic ecosystem of global partnerships,” he added.
He further highlighted the importance of innovation, which, as he stated, serves as the driving force for a successful and resilient economy. The establishment of the Blue Innovation Centre will significantly enhance efforts in this direction, as it focuses on the blue economy and seeks to address challenges through the creation of a strategic ecosystem of collaborations at a global level, he added.
Source: Cyprus News Agency