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Nicosia property development

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Nicosia property development is a project in Nicosia, Cyprus. The Qatari Diar Real Estate Investment Company (Qatari Diar) has signed a Memorandum of Understanding with the government to conduct feasibility studies and land evaluation for the project. The MoU was signed on November 11, 2008 after a state visit by Hamad bin Jassim bin Jabr Al Thani to Cyprus.

The project will consist of a 5-Star hotel, luxury residential villas and apartments, retail space and office buildings. The project has faced repeated delays.

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