Middle East Economic Survey

VOL. LIV

No 22

30-May-2011

QATAR

Cyprus Cabinet Approves Qatar Real Estate Deal

The Cyprus government on 20 May approved a real estate deal with Qatar that opens the door for a joint venture to develop a luxury real estate project in the capital Nicosia, amid criticism from some opposition parties. According to Cyprus government spokesman Stefanos Stefanou, a six-member council comprising three members from each country will run the joint venture. The project...