*Press Release
The Annual General Meeting of the Association of Large-Scale Development Projects (SMA), with the shared goal of creating the conditions for more dynamic, competitive, and sustainable growth of the Cypriot economy.
ΣΧΕΤΙΚΑ ΑΡΘΡΑ
The Annual General Meeting was held on November 2, 2026, at the Hilton Nicosia, in the presence of the President of the Republic of Cyprus, Nicos Christodoulides, ministers, party leaders and representatives, ambassadors, as well as high-ranking executives from business and professional associations, including members of the Association of Major Development Projects.
The President of the Republic, Mr. Nikos Christodoulides, and the President of the Cyprus Chamber of Commerce and Industry (KEVE), Mr. Stavros Stavrou—under whose auspices the Association operates—delivered welcoming remarks.
During the Assembly, the important role of large-scale development projects in strengthening the Cypriot economy was highlighted, in attracting investment, and in creating a modern and competitive business environment, while the challenges and prospects facing Cyprus were also discussed.
The President of the Association of Major Developers, Mr. Andreas Dimitriadis, emphasized the Association’s long-standing mission to create the right conditions that will boost growth and facilitate the attraction of high-quality and productive investments for the benefit of the economy and society. In addition, he noted that the effective utilization of Cyprus’s potential and comparative advantages can contribute to further strengthening its growth prospects.
Special mention was also made of the needs arising from the economy’s continued growth, with the Association highlighting the importance of timely infrastructure development, addressing the issues of affordable housing and energy costs, as well as the need to create a more effective and flexible framework for the implementation of major development projects.
During the Annual General Meeting, honorary awards were presented to two individuals who have contributed over the years to the progress and work of the Association of Major Development Projects. Honors were bestowed upon Mr. Theodoros Aristodimou, a member of the Association’s Board of Directors, for his invaluable contribution, as well as Mr. Giannos Papadopoulos, the Association’s Urban Planning Advisor, for his long-standing support of the Association.
