With a population of over 200,000 inhabitants, Limassol is the second largest city of Cyprus. It is an important port, through which handles almost all of the import and export trade of Cyprus. It is also a major center for trade, industry, tourism and services.
Limassol hosts several large commercial companies, both traditional and modern. It is additionally the city from which was essentially the Cypriot industry by creating several decades ago the first wine factories and spirits. In the late 1960s the industry gained new impetus with the creation of the first industrial area of Limassol. Today there are three industrial estates in Limassol and several of the industries have become known worldwide for their modern facilities and production processes where they export to all continents.
Limassol was also famous for its citrus plantations, mainly in the Fasouri region. Although with the passage of time the relative importance of agriculture has declined, however remains an important sector of the Cypriot economy, with significant exports of oranges, mandarins and grapefruit in northern European countries and elsewhere.
The principle of Limassol tourist development goes back to the 1930s when the mountain resorts such as Platres and Troodos were popular in many distinguished guests from abroad such as King Farouk of Egypt.
The dynamic development of tourism in Limassol began after the independence of Cyprus, with the creation of four and five star hotels to meet the needs of a growing number of foreign visitors. Indicative of the quality of the such hotels offer they have repeatedly attained international awards.
Its natural beauty with sites of archaeological interest, beaches, marina and a captivating countryside, along with an excellent tourist infrastructure have made Limassol a major tourist destination in the eastern Mediterranean. With our Chamber having a leading role, Limassol aspires to promote the implementation of more tourist infrastructure, which will further enhance Limassol as a premium tourist destination.
Limassol has also developed into a leading international business services centre. Several prestigious international companies operating in or from Limassol, mainly in trade, marketing, consulting and banking. Particularly important is the presence of the shipping industry, where today Limassol is considered as one of the largest international ship management centers worldwide.
Alongside international companies in Limassol there are many domestic service companies such as banks, auditing firms, consultancy firms and shipping companies, which are a very dynamic part of the local economy.
The creation of the Cyprus University of Technology in Limassol has upgraded the educational product, the development of culture and research and the production of skilled labor with obvious positive benefits for the economy of our city.
Also the Technology Park will give a new impetus in areas such as research, development and innovation contributing positively to the economy of Limassol and Cyprus in general.