Major Infrastructure and Hotel Developments in Cyprus to Watch in 2025

Cyprus is undergoing a transformation. From sprawling marinas to integrated resorts, sustainability projects to airport upgrades, 2025 marks a pivotal year for island-wide development. These projects not only reshape tourism and hospitality but also create opportunities for investors, property developers, and international businesses. Below, we explore the most significant developments shaping Cyprus today.

1. Marina Developments: Maritime Tourism Expansion

Ayia Napa Marina (Famagusta District)

One of Cyprus’s most prestigious mixed‑use waterfront developments, Ayia Napa Marina has already captured global attention. It features:

• A 600‑berth marina with wet and dry storage
• Iconic twisting towers offering 190 spacious apartments and 23 ultra‑luxury villas
• Extensive commercial space, dining, event centre, and yacht services

The second tower—estimated at around €80 million—will introduce hotel and office space, with construction slated to commence by late 2024 or early 2025. The Marina is set to host the International Sea Tourism Festival 2025/26, enhancing its global profile and maritime tourism offerings.

Paralimni Marina (Famagusta District)

The €100 million Paralimni Marina, under development since 2017, reached its first phase in late 2023: 150 berths, 44 residential units, and commercial space including cafés and shops. Full completion by summer 2024 will expand capacity to 300 berths and nearly 200 residences, making it a burgeoning centre for leisure and capital inflows .

Latsi (Latchi) Marina – Polis Chrysochous, Paphos

Latsi Port is transforming into Cyprus’s first green port, featuring expanded berths capable of hosting up to 350 larger pleasure craft and cruise vessels. Green-energy systems protect marine life while enhancing tourist appeal.

Paphos Marina (Potima Bay, Kissonerga Area)

After decades of delays, a tender issued in early 2025 anticipates development of a 1,000‑boat marina with supporting residential and commercial facilities spanning some 30,000 sqm. The resort-style plan includes cafés, retail, housing and a cruise‑capable port—making this a gamechanger for western Cyprus.

Larnaca Marina Upgrades

Originally established in 1973, Larnaca Marina is undergoing dredging and infrastructure work in 2025. The upgrade includes harbour deepening and solar-powered lighthouse lighting, contractually set to last around 20 weeks and ensuring enhanced safety and efficiency.

2. Integrated Resorts & Hotels: Luxury Destinations Evolving

City of Dreams Mediterranean – Limassol (Zakaki suburb)

Europe’s first integrated casino resort, City of Dreams Mediterranean, opened in mid‑2023 and spans 14.8 acres. With over 500 rooms, 7,500 sqm of gaming space, multiple premium restaurants, retail outlets, and entertainment zones, this €600 million-plus development is transforming Limassol into a year-round tourism hub.

Limassol Blu Marine by Leptos Group

A €500 million scheme featuring Poseidon and Zeus Towers, Blu Marine sits at the heart of Limassol Marina, offering luxury residences, retail, spa and dining venues. Designed by world-renowned architects Benoy and BurroHappold, residences start from approximately €655,000 for one-bedroom units.

Limassol Hills Golf Resort

A vast €400 million luxury resort including 18-hole championship golf course, 520 villas, and 250 apartments/townhouses. Located minutes from Limassol Marina, phases are underway with first homes completing in 2025.

Limassol Ariel Cinema Redevelopment

A £45 million conversion of a former cinema into a 19-storey mixed-use tower with office, residential, and commercial space—featuring rooftop gardens and high-end units—slated for completion in the near term.

3. Sustainable Infrastructure & Energy Projects

Great Sea Interconnector / EuroAsia / EuroAfrica Projects

A trilateral energy corridor linking Israel–Cyprus–Crete (and later Egypt) via a high-voltage direct current submarine cable spanning 1,200+ km. With initial capacity of 1,000 MW, scaling to 2,000 MW, this €1.9–€2.5 billion project is vital to Cyprus’s energy transition and offers potential for electricity export/import by end-2027.

TotalEnergies 100 MW PV Plant with Storage

In June 2025, TotalEnergies received approval to build a 100 MW solar photovoltaic project plus energy storage—equivalent to around ¼ of Cyprus’s larger existing solar installations. This public–private green energy project will sit on land previously slated for golf use and underpin the island’s grid resilience.

“Photovoltaics for All” Scheme & Grid Enhancements

Launched January 2024 with an initial €30 million budget, the initiative will install rooftop panels (c. 4.2 kW) for up to 30,000 homes. Meanwhile the Cyprus Electricity Authority inaugurated a new 12 MW utility-scale PV plant, as part of the shift to cleaner energy and reduced reliance on fuel oil generation.

4. Airport Upgrades & Sustainable Travel Push

Hermes Airports is investing in sustainability at Larnaca and Paphos airports, installing Electric Ground Power Units (EGPUs) through EU-backed schemes like the Connecting Europe Facility. Approved in early 2025 at €3.6 million, this enhances alternatives to diesel generators and supports zero-emission taxiing, contributing to greener international air travel hubs on the island.

5. Tech Parks & Innovation Hubs

While tech campuses are fewer than coastal resorts, notable developments exist:

• Zakaki’s rapid transformation driven by City of Dreams has triggered adjacent mixed‑use commercial zones, posited to attract office development and tech services businesses.
• Emerging innovation and coworking centres across Limassol and Nicosia cater to fintech, clean-tech, and professional service startups linking into green infrastructure demand.

6. Golf Resorts and Land Development

Significant land-based investments include:

• Limassol Hills: 500 villas and numerous apartments built around a signature golf course.
• Limassol Greens: An adjacent mixed feature resort with golf, wellness centres, and upscale residences east of Limassol Marina, also scheduled to deliver first units in 2025.

These luxury resorts are well-positioned to capture high-end tourism and long-stay clientele.

Investment Landscape and Strategic Significance

Tourism & Hospitality Growth

Developments like Ayia Napa Marina and City of Dreams aim to transform Cyprus into a year-round tourism destination, boosting both visitor numbers and high-end stays. Hosting events such as the Sea Tourism Festival further elevates international awareness.

Energy Security & Green Leadership

The combination of domestic renewables, high-capacity solar farms, rooftop PV schemes, and international interconnectors positions Cyprus as an emergent green gateway between continents .

Regional Economic Impact

Marinas and resorts drive local employment, supporting food and beverage, retail, and leisure sectors. Ports like Paralimni, Paphos, Latsi and Limassol stimulate regional tourism and broader economic activity.

Regional Snapshots: Infrastructure Map by Location

• Limassol (Zakaki / Marina area):
  • Integrated resort (City of Dreams Mediterranean)
  • Luxury Blu Marine towers
  • Golf and residential resort developments
• Ayia Napa (Famagusta):
  • Ayia Napa Marina (Phase 1 complete; Phase 2 hotel/residences underway)
  • Maritime tourism hub via Sea Tourism Festival
• Paralimni / Famagusta:
  • Paralimni Marina—live residential/commercial units and additional berths
• Paphos / Kissonerga (Potima Bay):
  • Emerging Paphos Marina (1,000‑boat capacity, residential & commercial areas)
  • Latsi Port Green Marina expansion
• Larnaca:
  • Major marina infrastructure upgrades
  • Airport sustainability improvements
• Island-wide:
  • Green energy projects including solar farms, rooftop installations, and interconnectors
  • Transport-linked infrastructure: airports, port connectivity, marina dredging.

Investor Insights: Why These Projects Matter

High-End Tourism & Rental Markets

Marinas and integrated resorts raise demand for luxury property—serviced apartments, villas, hotel stays, and event-driven tourism yields.

Energy-Backed Stability and Growth

Energy projects support infrastructure resilience and unlock export potential. Investors can look at green bonds, renewable production, and related equity opportunities.

Diversified Asset Classes

From hospitality real estate to renewable infrastructure, these projects provide asset diversification across tourism, property, energy and utilities sectors.

Economic Off-season Strategy

Integrated resorts (Limassol, Ayia Napa) offer all-season appeal, while energy and tech infrastructure investments provide longer-term, counter-cyclical returns.

Risk Considerations & Mitigation

• Implementation Delays: Projects like Paphos Marina and Larnaca Port upgrades have historically faced delays due to bureaucracy or litigation.
• Environmental Permitting: Especially for green energy or coastal developments, NIMBY opposition or environmental concerns may arise.
• Market Volatility: Tourism dependence can make hospitality returns sensitive to global travel trends.
• Funding & Political Change: Large-scale solar and interconnector funding relies on EU priorities and bilateral cooperation (e.g. Greece/Israel delays)

Conclusion—Cyprus on the Cusp of a Transformative Era

The year 2025 stands as a milestone for Cyprus. With ambitious marinas blossoming, luxury resorts arriving, sustainable energy infrastructure under way, and airports going green, the island is redefining its economic blueprint. For investors, developers, and strategic planners, these projects offer multiple entry points across emerging themes: maritime tourism, hospitality, energy transition, and regional logistics.

Whether you’re seeking real estate exposure, hospitality assets, or long‑duration infrastructure investment, this wave of transformation positions Cyprus as a dynamic, future‑oriented market.