Large projects will continue to be among the protagonists in Cyprus' growth trajectory, Association of Large Investment Projects has said, outlining large-scale projects in its pipeline worth of over pound 8 billion. In a press release the Association said that the projects implemented or were promoted in 2023 mark a profile of a modern state which invests in its domestic product, creates new jobs, while upgrading the quality of life both of its citizens and visitors, adding that the course will continue dynamically in 2024 as well. «The portfolio of the Association's members includes, inter alia, hotels, medical and diagnostic centres, university campuses, golf course, schools, commercial and residential buildings, large developments which are expected to yield multiple benefits to our country, whose total value exceeds pound 8 billion,' the Association said. According to the Association, the large-scale projects include the Limassol Hills Golf Resort, a resort which will feature a biological water treatm ent system, solar part and green public areas, adding that its construction will employ more than 2,700 workers, with more than 750 new jobs. The Association also pointed out the Eagle Pine Golf Resort, also in Limassol, whose worth exceeds pound 500 million and it is estimated that its construction would generate state revenues of pound 200 million and will require 300 jobs. Furthermore, the Association highlighted projects of the Limassol Greens worth pound 400 million, creating indirectly 800 jobs, and the Minithis Resort in Pafos whose construction cost will amount to pound 500 million, generating 800 jobs and 500 during its operation. The Association pointed out that these projects will contribute to the reduction of climate impact as they will comply with green and sustainable transition, thereby contributing to Cyprus compliance with SDGs and ESG requirements. «Once more, it is obvious that larges-scale developments will be the protagonist in Cyprus growth trajectory, as they are a deciding investm ent on the future of our island,' the Association noted, adding that apart from attracting investments, these developments' contribution to Cyprus GDP is over 15%. Source: Cyprus News Agency