Safi Aviation Park may net €600 million Chinese investment instead of Cyprus
A proposed €600 million investment into Larnaca’s airport by Chinese investors may be diverted to Malta's Safi Aviation Park instead.
Cypriot officials have expressed fear that a proposed €600 million investment into Larnaca's airport by Chinese investors may be diverted to Malta instead.
Despite assurances by Nicosia's government that negotiations intended to clinch the Chinese deal will be ready by the end of the month, fears are growing that the investors may turn to Malta instead.
Chinese company Far Eastern Phoenix is said to be eyeing an ambitious investment into the recently inaugurated Safi Aviation Park, with a plan to develop a commercial centre with a showroom and bonded facilities for Chinese factories to display products for a 50-year period.
MaltaToday has meanwhile confirmed with senior government officials that "informal talks" are underway with the Chinese consortium.