The Ministry of Energy, Commerce, Industry and Tourism, (MECIT) invites the submission of tenders from interested parties, for the leasing of government land, which is specified in Appendix A attached, for the establishment, development and operation of a Science and Technology Park, hereinafter referred to as the STP, at Pentakomo, Limassol District, Cyprus. For this purpose a Land Lease Agreement will be signed with the Successful Tenderer.

The above-mentioned Land Lease Agreement will be awarded to the Successful Tenderer. A pre-qualification process, on a pass or fail basis, for the purpose of ensuring that only economically and financially standing tenders as well as technically and professionally able candidates participate in the process, will precede the financial evaluation process. The Successful Tenderer will be the one with the highest proposed rent from those that have passed the pre-qualification process. It is noted that the bid will be calculated for the total Land Lease Period which is 50 (fifty) years.

The Tender Documents identify the requirements for the submission of a Tender, which include policy issues, description of the lease, qualification documentation and evaluation criteria as well as other related matters.

The tender must be submitted by a legal entity that meets the requirements set out in the applicable legislation of the Republic of Cyprus for operating in Cyprus. The term “legal entity” could also mean consortia of natural and/or legal persons/entities. A natural or legal person or legal entity is not allowed to participate, wholly or partially, directly or indirectly, in more than one tender.