Qatar to invest in Cyprus energy, ports and tech

29 May 2024 CW Team

Additionally, Sheikh Tamim expressed interest in potential investments in Cypriot ports and banking institutions, further underscoring Qatar's intent to diversify its investment portfolio and deepen its economic engagement with Cyprus.

Qatar's commitment to humanitarian causes was also reiterated during the discussions, with the Emir affirming Qatar's strong support for a maritime aid corridor facilitating the transportation of humanitarian assistance from the Cypriot port of Larnaca to the besieged Gaza Strip. This corridor, facilitated by a temporary pier constructed by the United States off the Palestinian territory, serves as a vital lifeline for delivering essential aid to Gaza's population.

Notably, Sheikh Tamim has played a pivotal role in funding humanitarian aid collection initiatives associated with this corridor, showcasing Qatar's dedication to alleviating the plight of those in need.

However, recent challenges surfaced as the temporary pier encountered damage due to rough seas over the weekend, leading to the suspension of operations temporarily. This setback underscores the logistical complexities involved in maintaining such vital humanitarian lifelines.

During the discussions held between Sheikh Tamim and Cypriot President Nikos Christodoulides, both leaders concurred on the establishment of a working group tasked with evaluating the progress in forging closer economic and political ties between Qatar and Cyprus. This collaborative effort underscores the mutual commitment to nurturing a robust bilateral relationship.

Expressing concern over the on-going military offensive in the southern Gaza city of Rafah, the Qatari Emir highlighted the importance of on-going mediation efforts led by Qatar, Egypt, and the United States. These efforts aim to broker a ceasefire agreement, facilitating the release of approximately 100 Israeli hostages held by Gaza's militant Hamas rulers and ultimately striving for an end to the conflict.

In addition to humanitarian endeavors and economic collaborations, Qatar's partnership with ExxonMobil in oil and gas exploration within Cyprus' exclusive economic zone off its southern coastline further solidifies the multifaceted nature of the bilateral relationship between Qatar and Cyprus.

The visit of Sheikh Tamim bin Hamad Al Thani marks a significant milestone in the diplomatic relations between Qatar and Cyprus, underscoring a shared commitment to advancing mutual interests, fostering economic growth, and addressing pressing humanitarian challenges in the region. (ET Infra)

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In a bid to boost economic ties and explore investment opportunities, the Emir of Qatar, Sheikh Tamim bin Hamad Al Thani, made his inaugural visit to Cyprus on Tuesday. A senior Cypriot official revealed that the Emir is eyeing investments primarily in the energy and high-tech sectors, which are deemed to hold significant economic promise for both nations. Additionally, Sheikh Tamim expressed interest in potential investments in Cypriot ports and banking institutions, further underscoring Qatar's intent to diversify its investment portfolio and deepen its economic engagement with Cyprus. Qatar's commitment to humanitarian causes was also reiterated during the discussions, with the Emir affirming Qatar's strong support for a maritime aid corridor facilitating the transportation of humanitarian assistance from the Cypriot port of Larnaca to the besieged Gaza Strip. This corridor, facilitated by a temporary pier constructed by the United States off the Palestinian territory, serves as a vital lifeline for delivering essential aid to Gaza's population. Notably, Sheikh Tamim has played a pivotal role in funding humanitarian aid collection initiatives associated with this corridor, showcasing Qatar's dedication to alleviating the plight of those in need. However, recent challenges surfaced as the temporary pier encountered damage due to rough seas over the weekend, leading to the suspension of operations temporarily. This setback underscores the logistical complexities involved in maintaining such vital humanitarian lifelines. During the discussions held between Sheikh Tamim and Cypriot President Nikos Christodoulides, both leaders concurred on the establishment of a working group tasked with evaluating the progress in forging closer economic and political ties between Qatar and Cyprus. This collaborative effort underscores the mutual commitment to nurturing a robust bilateral relationship. Expressing concern over the on-going military offensive in the southern Gaza city of Rafah, the Qatari Emir highlighted the importance of on-going mediation efforts led by Qatar, Egypt, and the United States. These efforts aim to broker a ceasefire agreement, facilitating the release of approximately 100 Israeli hostages held by Gaza's militant Hamas rulers and ultimately striving for an end to the conflict. In addition to humanitarian endeavors and economic collaborations, Qatar's partnership with ExxonMobil in oil and gas exploration within Cyprus' exclusive economic zone off its southern coastline further solidifies the multifaceted nature of the bilateral relationship between Qatar and Cyprus. The visit of Sheikh Tamim bin Hamad Al Thani marks a significant milestone in the diplomatic relations between Qatar and Cyprus, underscoring a shared commitment to advancing mutual interests, fostering economic growth, and addressing pressing humanitarian challenges in the region. (ET Infra)

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