Shacolas Group Plans Large Cypriot Investments
The Shacolas Group in Cyprus is planning to invest approximately 60 million euros within two years, in new and preexisting establishments, according to Parikiaki.
The Group described its intentions as, "expressing its full confidence in the Cyprus economy, helping to create hundreds of new jobs". One of the planned investments will be to enlarge The Mall of Cyprus' ground level so it can offer additional eateries, cafes and stores. Additionally, a walking bridge will be installed to link the main building with its Annex Four businesses.
The Shacolas Group confirmed that about 500 employees will be staffed on the Mall construction, while the expansion will create 500 new positions within the mall, upon completion before 2015's holiday season.
The Shacolas group also plans to enlarge The Mall of Engomi, with restaurants, stores, a playground and two movie theaters, for a total cost of 12 million euros.
Paphos' Koriyos Commerical Center, the Super Home Center and the Debenhams Stores will be enlarged as well. The Shacolas Group is also scheduled to construct a golf resort in Limni, Paphos.
(Source: www.parikiaki.com)
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