National Pavilion of Cyprus and the exhibitors, tech talks at Gitex Global and Permanent Secretary Marios Panayides and Ambassador of Cyprus to the UAE Meropi Christofi.
Cyprus National Pavilion and Participation in Gitex
The Trade Service of the Cyprus Ministry of Energy, Commerce and Industry (MECI), committed to promoting Cyprus abroad and supporting local businesses particularly in promising sectors such as technology and innovation, decided to organise a Cyprus National Pavilion at the biggest technology exhibition, Gitex Global.
Marios Panayides, Permanent Secretary, MECI, said that the presence of high-level officials reflects the strong commitment of the government to position Cyprus as a leader in innovation and technology.
“Our Business Facilitation Unit at the MECI offers robust support to foreign companies interested in expanding their activities in Cyprus and exploring synergies with our local enterprises,” he added.
He also highlighted Cyprus’s presence at Gitex Global, stating that for the third consecutive year, Cyprus is proudly participating with its national pavilion, under the Cyprus National Pavilion in collaboration with the Cyprus Information Technology Enterprise Association (CITEA).
The 14 technology companies that participated were CDMA, CHANNELIT, JONITACO, ADDITESS, SIMPLEX, ENGINO, HOSTING B2B, INFOCREDIT GROUP, ISTOGNOSIS, EFEVRE, IREROBOT, IANUS TECHNOLOGIES, EMBIO DIAGNOSTICS, and SUPERNOVA.
These companies, spanning sectors such as life sciences, AI, cybersecurity, payment solutions, compliance services, and applied research, represent Cyprus’s dynamic tech ecosystem and showcased the country’s growing role as an international hub for innovation and technology.
Networking event organised by the Cyprus Trade Office and the Trade Service of MECI.
During the interview, as part of the Networking Event, the Deputy Minister of Research Innovation and Digital Policy said: “I am very glad to represent Cyprus at Gitex Global this year. It is an important event and a place to be for tech enthusiasts. All major Cypriot technology companies are part of the Cyprus national pavilion, the largest in the history of the country. Our key objective at Gitex is to support the international expansion of Cypriot technology companies and strengthen business ties with global enterprises. Cyprus’ ranking as 10th in the European Innovation Scoreboard (EIS) highlights our country’s status as a strong innovator in Europe. I am confident that together [Cyprus and the UAE] we can foster meaningful business partnerships and explore future collaborations that will drive our tech industries forward. We’re excited for the future and the many opportunities that lie ahead.”
Deputy Minister of Research Innovation & Digital Policy, and Chief Scientists attending Cyprus Trade Center in Dubai Stand with CITEA and RIF representatives at GITEX Global.
Cyprus an innovation hub
Demetris Skourides, Chief Scientist for Research, Innovation and Technology, explained how Cyprus is rapidly accelerating to become a regional hub in innovation.
“We have seven centres of excellence in the areas of energy, environment and climate change, health and rare diseases, shipping and maritime, critical infrastructure leveraging key digital technologies like AI. These centres have applied research and development and did significant work for commercialisation of innovation in line with government priorities and moving forward together,” he stated.
Cyprus government’s key priorities in its major strategies for the 2024-26 period include environment and climate change, health, agriculture and food, space and digital technologies.
Skourides, who is also the President of the National Research and Innovation Foundation, oversees funding programs that provide competitive funding to the ecosystem, and is also responsible to externalise Cyprus research and innovation ecosystem abroad.
Skourides highlighted the importance of research infrastructures, research excellence and funding for startups, and entrepreneurs. He acknowledged that the UAE has a much more mature and advanced Startup ecosystem as far as digital infrastructure is concerned.
“Cyprus can make it possible for the UAE-based startups that want to penetrate and expand their presence in the unified market of Europe through mutual collaboration. It is easier for UAE startups to take up research and development projects in Cyprus to utilise incentives available in Europe. Similarly, Cypriot companies can benefit from the UAE experience in AI and blockchain, among others,” he said.
Commercial Counsellor George Partasides said: “The Cyprus Trade Centre in Dubai is vital in promoting Cypriot exports and services across the UAE and other GCC countries. It actively organises business events, trade delegations, and participation in various trade fairs and exhibitions.”
He said the centre also promotes Cyprus as an international business and investment centre, identifies investment opportunities, and provides crucial information to UAE importers and the business community about Cypriot products and services.
“At the same time, the Cyprus Trade Centre offers support to Cypriot exporters through its Export Help Desk, providing insights into UAE and other GCC markets, importers, and market opportunities,” he said.
Overall, the Deputy Minister’s Visit to Dubai was especially prosperous and a significant progress was achieved in terms of strengthening bilateral cooperation with the UAE Government and private sector entities active in the field of digital infrastructure.
Muzaffar Rizvi
Muzaffar Rizvi is an accomplished financial journalist with more than 25 years of experience in the UAE and Pakistan. He has good writing skills, strong grip on production and an excellent news sense.
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Publish date : 2024-10-30 02:03:00
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