Neapolis - EcoCity (Geroskipou)

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Neapolis EcoCity Paphos

With a budget of over €2+ billion, Leptos Group, one of the leading property developers in Cyprus is bringing a brand new type of city to historic Paphos in one of the most intriguing juxtapositions ever seen in the Mediterranean.

Great news for Cyprus economy long term

With projected GDV (gross development value) of some €2.5 Billion of sustainable annual revenue returns for investors in the project over the thirteen year development lifecycle; Cyprus is definitely looking to the future while many countries are struggling to balance their book sheets and restraining spending on large scale projects such as this one.

This has to be a good thing for Paphos and Cyprus and says a lot about how public and private partnerships can enhance areas where there is a common desire for progress.

It is hoped the project will create 8000 jobs by the end of 2018 with phase one already under way after €170 million had already invested in the project.

Termed Neapolis Smart EcoCity, this 1.1 million square meter area between Geroskipou and Paphos will be designed as an “intelligent sustainable community” compromising a number of features:

Learning: Paphos first university is situated here and will be both a visual focal point to the city and also a reminder of the cities vision of stimulating creativity and learning.

Research: With the university at its heart the city aims to bring about a new research and intelligence lead economy in Paphos.

Entrepreneurship: Along with attracting the future of Cyprus to live and work within its boundary’s, Neapolis aims to inspire people to communicate and create more opportunities for the area and Cyprus as a whole through thought leadership and a vision of the future manifested within its surroundings.

Geography: Situated as it is in Paphos, Michael Leptos, chairman of Leptos has remarked that it will be attractive to people from the Middle East and also the rest of Europe and the wider world as a place to invest, work and do business.

Construction: The construction of Neapolis will incorporate 25% of its energy needs from indigenous sources such as solar and geothermal power.

Healthcare: With a proposed 120 bed hospital the health and welfare of people working in the city will be of paramount importance along with creating opportunities for health tourism where people visit to make use of the centres of health excellence and facilities with the climate that the region offers while in recovery or relaxation as highly desirable.

Other Services and Facilities:
There will also be a private English language school, Retail Park and Research and Development Centre along with an International Business Centre.
A mixture of offices and leisure facilities will pepper the site with some intriguing features such as a cultural park, which looks as though it will be the lungs of the city.