BUSINESS

On September, Wednesday 8, under the auspices of President Nicos Anastasiades, the ceremony for the 9th Invest Cyprus International Investment Awards took place in the lawns of the Presidential Palace, celebrating foreign companies for the investments they made and their contribution to the business world of the country.

Teddy Sagi received an award for his contribution to the business world of Cyprus.

A visionary businessman and investor, Teddy Sagi started his entrepreneurial journey in 1999 when he founded Playtech. Today, 22 years on, he is ranked 539^th on the Forbes global billionaires list and is the 4th wealthiest person in Israel, with an estimated net worth of US$5.5 billion. He was the majority shareholder of the online payment services provider SafeCharge, which he listed on the London Stock Exchange Alternative Investment Market. In 2019, it was acquired by Nuvei for almost US$1 billion. He is currently the majority shareholder of Kape Technologies plc, an AIM-listed Internet company offering privacy solutions.

Teddy Sagi owns an international portfolio of premium real estate in the UK, Spain, Israel, Romania, Cyprus and Greece, comprising mainly hospitality, residential and commercial properties, including Camden Market, Stables Market, Camden Lock Developments, Holborn Estate and Victoria House in London. He is now in the process of bringing his Labs brand experience to Nicosia, through the operation of Labs Tower, a 21-floor high-tech luxury high-rise in the heart of the capital that offers customizable working and co-working spaces and serviced apartments. It will also be home to some of his own companies and businesses. Meanwhile, he is also focused on a new project, Pay.com, a group of payments institutions headquartered in Cyprus.

Cyprus has long been Teddy Sagi’s preferred investment jurisdiction, due to its unique geographical location, EU membership, tax and legal infrastructure, and its many high-calibre professionals. This is why Globe Invest Limited, the family office which exclusively manages his global wealth, is also based here. He says that his goal is “to continue doing good business successfully, in a way that will positively affect people’s lives” by offering employment and career development opportunities, quality services and products, while contributing in areas such as education, health, culture and environmental protection.

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