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Multi-billion Geroksipou project hinges on ancient findings

The Antiquities Department is still examining the archeological findings discovered during work on the multi-billion euro development in Geroskipou, Paphos.

The Department has yet to decide whether a structure from the Hellenistic Period (third century BC) discovered on the site, and accompanying antiquities, are of significant enough historical value to halt the new project altogether.

The land where the project is being constructed belongs to the Church of Cyprus.

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The €3.5 billion development project by Hungarian investor Atum Developments in Geroskipou, Paphos include the construction of an artificial island, university, two five-star hotels and a marina.

According to the company website, the project – Eden City – is a 200-hectare resort development project with three distinct sections.

The Garden of Eden will be a district dedicated to business, culture and education with the construction of a university campus, dormitories, a research and development centre, Business Hotel and Art Academy.

The Peninsula will include an international five-star hotel, apartment blocks, event centre, health centre, spa and beaches.

Divina Island will be man-made housing luxury villas, a five-star hotel, Mediterranean village, residential houses, serviced apartments and a marina.

 

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