Invest Cyprus reports record foreign direct investment growth for 2024

During its Annual General Meeting held on Friday, Invest Cyprus announced that the country recorded €8.5 billion in gross foreign direct investment (FDI) inflows in 2024, marking an approximate 60% increase. Cyprus currently ranks second in the European Union and is among the top ten countries globally for FDI per capita. The technology sector emerged as a major beneficiary, attracting €2.6 billion in investments. Throughout the period, Invest Cyprus processed over 70 letters of intent and advanced 12 major investment projects. Additionally, the Business Support Centre facilitated the establishment of more than 420 companies on the island. For 2026, the organization plans to focus on international promotion and strengthening its presence in strategically significant markets. In coordination with the Presidency and the Ministry of Foreign Affairs, a new international communication initiative is being launched to emphasize Cyprus's role as a safe and stable business environment.