Invest Cyprus secures WAIPA regional steering committee directorship

Invest Cyprus has successfully secured the directorship for the Eastern Europe region of the World Association of Investment Promotion Agencies (WAIPA). The announcement was made during the 27th World Investment Conference held at the India International Convention and Expo Center in New Delhi from 11 to 14 December 2023.

Invest Cyprus, represented by CEO Marios Tannousis, emerged successfully from the shortlisting process, reflecting the organisation's commitment to advancing the global agenda of sustainable development through strategic foreign direct investment (FDI) initiatives.

The World Investment Conference, hosted by WAIPA, is a prestigious platform that brings together government officials, business leaders, and high-level representatives from investment promotion agencies (IPAs) worldwide. This year's conference focused on the theme "Empowering Investors: IPAs Pioneering Future Growth" and provided a unique opportunity for Invest Cyprus to showcase its dedication to fostering sustainable growth in the Eastern Europe region.

Invest Cyprus CEO Marios Tannousis, who played a pivotal role in advocating for greater unity among European investment promotion agencies on sustainability goals, expressed gratitude for the support received during the conference. "We believe in the power of collaboration to drive sustainable development. Securing the directorship for the Eastern Europe region allows us to contribute actively to the global dialogue on responsible and impactful foreign direct investment," said Mr Tannousis.

The role of Invest Cyprus as the WAIPA regional steering committee director will involve leading and coordinating efforts to attract foreign investments to Eastern Europe while aligning with the UN's Sustainable Development Goals. This appointment reaffirms Invest Cyprus' position as a key player in the international investment landscape.

Invest Cyprus looks forward to leveraging this influential position to promote knowledge exchange, share best practices, and foster collaboration among international investment agencies. The organisation remains committed to ensuring that foreign direct investment contributes not only to economic growth but also to addressing global challenges such as climate change, inequality, and environmental protection.

The WAIPA regional steering committee directorship is a testament to Invest Cyprus' dedication to shaping a future where sustainable development and responsible investment go hand in hand.

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About WAIPA

The World Association of Investment Promotion Agencies was created in 1995 in Geneva, as a non-governmental organization. Its mission is to empower and support investment promotion agencies in the important work they do to develop their economies; to be a voice

for IPAs internationally; and to serve as a bridge between the public and private sectors. The association has more than 140 member agencies representing more than 100 countries. www.waipa.org

About Invest Cyprus

As the national authority of the Government of Cyprus responsible for attracting and facilitating Foreign Direct Investment into the country, Invest Cyprus has a mandate to promote Cyprus as the ideal business and investment destination, highlighting its potential as a tech hub and a dynamic financial centre within the EU while showcasing available investment opportunities in key sectors. Our team acts as a local partner on the ground, supporting businesses throughout their investment journey and ensure all business development is seamless and efficient. For further information, please visit: www.investcyprus.org.cy

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