Agreement with Qatar progresses
Agreement with Qatar progresses
2/12/2011 9:12
The finalization of the agreement between Cyprus and Qatar for the joint development of the state land opposite Hilton is a matter of time.

Representatives of Qatar and Cyprus will meet at the Finance Ministry in the morning to finalize the agreement, after reviewing certain points that need further clarifications.

According to StockWatch sources, the representation of the Qatari state company, Qatari Diar, will meet with the Finance Minister at 9.30 in the presence of the six-member joint venture of Cyprus – Qatar to sign the contracts of the joint company.

The joint venture is composed of three members from the Republic of Cyprus (Chairman: Christos Mavrelis, members: Andreas Pittas and Pambos Papageorgiou) and three members from Qatar.

The members of the Cypriot joint venture are already at the Finance Ministry.

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