Qatar's ruler looking to invest in energy, ports and high-tech in Cyprus, official says

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The emir of Qatar is looking to invest in energy and high-tech in Cyprus — projects seen as having a strong economic potential. A Cypriot official says that Sheikh Tamim bin Hamad Al Thani is also interested in investing in Cypriot ports and banking institutions.

Cyprus’ President Nikos Christodoulides, left, and Qatar’s Emir Sheikh Tamim bin Hamad al-Thani review a military guard of honor, prior to their meeting at the presidential palace in Nicosia, Cyprus, Tuesday, May 28, 2024. Qatar’s Emir is in Cyprus for an official visit. Cyprus’ President Nikos Christodoulides, left, and Qatar’s Emir Sheikh Tamim bin Hamad al-Thani review a military guard of honor, prior to their meeting at the presidential palace in Nicosia, Cyprus, Tuesday, May 28, 2024.

Sheikh Tamim bin Hamad Al Thani, who visited the east Mediterranean island nation on Tuesday for the first time, is also interested in investing in Cypriot ports and banking institutions, the official said.The temporary pier was damaged by rough seas over the weekend and temporarily suspended operations, officials said.

Al Thani and Cypriot President Nikos Christodoulides held talks and agreed to set up a working group to gauge progress made in forging closer economic and political ties, the Cypriot official said, speaking on condition of anonymity to discuss the subject.

 

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