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ECONOMY

"Blue" Initiatives with Growth Perspectives by The Municipality of Larnaca

Undoubtedly, the Blue Economy is a source of growth and progress for Cyprus. The Municipality of Larnaca recognizing the growth prospects of the Blue Economy for the island, has adopted a series of actions that fall under the "Larnaca, Blue City" strategy in order to fulfill a two-fold vision: the transformation of the city into a Regional Blue Economy, Education, Training and Research Center and the promotion of the Integrated Maritime Policy of the EU in the area.

 

This vision will be materialized by creating and hosting in the city -and the wider area of the Larnaca Bay- more Marine and Maritime-related Education, Training, Research and Innovation Institutions as well as Institutions that are active in the Marine and Maritime Sciences and Technology sectors. At the same time, the provision of such institutions with the necessary incentives and infrastructure (as for instance the concession of available state spaces and buildings in the city of Larnaca and the Larnaca Bay) along with the promotion of public-private partnerships will facilitate the realization of such ambitious projects which in turn will increase employment, foster business development opportunities in cutting-edge technologies, strengthen the competitiveness of the Cypriot economy and encourage sustainable growth in general.

 

In this context, the Municipality of Larnaca in cooperation with the University of Cyprus organized jointly an event on October 10th -in the presence of the Secretary General of the International Maritime Organization, Mr. Kitack Lim,- where they announced the following important initiatives which are expected to alter significantly the Blue Innovation Research and Technology scenery of the country:

  • The creation of a new "Faculty of Marine Science and Technology" of the University of Cyprus which will be established in Larnaca.
  • The launching - from September 2018 - of the new “Master of Science Program (MSc) in Marine Technology" of the University of Cyprus.
  • The launching of the International “Pyrgotelis Zoitos Award” for outstanding contribution to the advancement of Marine Technology, to be awarded as from 2019 and during the biennial international shipping conference “Maritime Cyprus” to individuals with distinguished accomplishments and experience in the Marine Technology field. It needs to be noted that Pyrgotelis Zoitos was a Cypriot shipbuilder particularly honored in the years of Ptolemy the

Second, the Philadelph, for building ships with twenty and thirty rows of oars, which constituted a significant advancement and innovation in the Marine Technology of that time.

 

Furthermore, it is worth mentioning that a few days ago, on the 6th of October, the Municipality of Larnaca presented to the public the European program MaRITeC-X, which aims at creating a Center for Excellence in Maritime and Marine Research, Innovation and Technology in Cyprus. In other words, this Center will foster scientific and business excellence in Blue Economy sectors with comparative advantages for the Cypriot economy such as maritime and coastal tourism, merchant shipping, fisheries and aquaculture, including emerging ones, with great growth potential such as offshore energy.

 

All  these  actions  and  initiatives  demonstrate  the  will  and  determination  of  the  Municipality  to contribute to the creation and modernization of the necessary infrastructure as well as to human capital development and jobs creation in the Blue Economy sectors, serving the real needs of these sectors so that they become more competitive and grow even more.

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