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NICOSIA, Cyprus–(BUSINESS WIRE)–Lebanese drinks large Kassatly Group Holding has began work on a brand new plant in Cyprus underneath “Boutique Beverage Bottling Int’l Ltd” as a part of formidable plans to maneuver the model from a regional powerhouse to a worldwide participant.
The mega plant in Ypsonas, Limassol, ought to be totally operational by the top of 2023, with the corporate aiming to make the island dwelling inside a yr, creating 100+ jobs.
Founder Akram Kassatly stated: “The tax incentives in Cyprus are enticing, however it’s the geographical benefits to Europe, Africa, the Gulf nations and the Americas, that are most interesting to us and, most significantly, having Mediterranean and European seals on our merchandise, one thing coveted by shoppers worldwide.”
Discussing the logistics of transferring an integral a part of the enterprise to Cyprus, Mr Kassatly stated the enter, recommendation and professionalism of the Make investments Cyprus crew had made the expertise each fulfilling and pain-free.
“Make investments Cyprus performed an enormous function in our resolution to make Cyprus our base,” he stated. “Every step introduced a optimistic shock, particularly distinctive and quick responses from the second we submitted our marketing strategy to the planning division’s immediate help to make the brand new plant a actuality.”
Welcoming the Kassatly Household to the island, Make investments Cyprus Chief Government Officer George Campanellas stated it was at all times “a pleasure” to accommodate corporations of their seek for new markets in Europe and past.
“Kassatly Group Holding has lengthy been a number one regional participant with its modern drinks, so to be concerned within the subsequent part of this pioneering firm’s improvement is vastly rewarding.
“Because the nationwide authority liable for attracting overseas funding and offering certainty to overseas corporations working in Cyprus, we’re delighted to have the ability to present the form of platform that an formidable firm like Kassatly Group wants so as to fulfil its world aspirations.
“With Cyprus located on the crossroads of Europe, Asia and Africa – one thing complemented by a highly-skilled, multi-lingual workforce, sturdy authorized framework and business-friendly surroundings – it makes the island the best funding vacation spot for enterprise.”
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About Make investments Cyprus
Make investments Cyprus (Cyprus Funding Promotion Company) is the funding promotion company of the Authorities of Cyprus, devoted to attracting and facilitating overseas direct funding into the nation. In shut collaboration with all governmental authorities and public establishments, in addition to the non-public sector and worldwide consultants, Make investments Cyprus is the nation’s lead agent in establishing Cyprus as a world class funding vacation spot. Make investments Cyprus’ mandate, is to boost consciousness of Cyprus as a location for FDI throughout the globe, offering certainty round all facets of working a enterprise in Cyprus and supporting potential buyers in creating their enterprise case for funding into the nation. Please go to https://www.investcyprus.org.cy/
About Kassatly Group Holding
Kassatly Group sprang into life in 1974 with a bottled fruit syrup known as Jallab. A revolutionary product on the time, the Beirut-based firm rapidly constructed on this success with quite a few new drinks together with liqueurs, award-winning wines, a mixture of alcoholic and non-alcoholic celebration drinks, in addition to the profitable 2014 Beirut Beer challenge. http://www.kassatly.web/
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