The Ayia Napa Marina is being built by the multimillionaire Egyptian Nagib Saouri along with his Cypriot partner Stavros Karamontanis.

The estimated total cost of the marina is around 220 million euros and the development of the marina is similar to that of Dubai as it will be on the shores of the Eastern Mediterranean.

In particular an especial projection is being made for the two towers of 25 stories, with 190 apartments and 29 luxury houses which are programmed to be constructed along with a range of shops. According to the presentations, the cost of obtaining a residence starts from €500.000 and reaches up to €5.200.000. The project is expected to be completed by 2021.

According to Mr. Saouiris , the luxury conditions will be the same with those of Dubai but in Ayia Napa the sea is considerably better. It should also be mentioned that there is prosperous grounding for business development and investments. The presentation of the marina took place at the well known Burj Al Arab Hotel in Dubai.

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