As of 2023, Cyprus is going through a major construction phase that first began in late 2013 when legislation passed encouraging construction. Since then, hundreds of new housing units and mushrooming businesses have been, and are still being, introduced to Cyprus each year, mainly in the city of Limassol.[1] The construction industry in Cyprus accounts for 7% of the country's GDP.[citation needed]
Currently, there are about 60 buildings that are proposed and/or under construction that will stand taller than 50m upon completion, out of which about the half of them are skyscrapers. The One high-rise residential building is the tallest tower in Cyprus, the tallest seafront residential building in Europe and amongst the 100 tallest buildings in the European Union. Amongst the recently completed projects is the City of Dreams Mediterranean which is the European Union's largest casino resort.[2]
- ^ "Cyprus has gone from bust to boom in less than four years, Yiannis Papadoyiannis | Kathimerini". www.ekathimerini.com. Retrieved 2020-10-14.
- ^ "High-rises remake the skyline of city in Cyprus | Kathimerini". www.ekathimerini.com. Retrieved 2020-11-03.