Newsroom
The inauguration of the City of Dreams Mediterranean in Limassol on Monday marks a significant milestone for tourism in Cyprus, introducing the continent's first multi-theme resort.
With an impressive investment totaling over €600 million, the iconic City of Dreams Mediterranean is a groundbreaking development project of immense scale, aiming to establish Cyprus as a year-round destination for top-tier tourism, world-class entertainment, and a thriving hub for international business and conference tourism.
Striving to become a benchmark for the region, this multi-thematic resort is set to contribute to the sustainable growth of the Cypriot economy by attracting a large influx of tourists annually, generating hundreds of job opportunities, and fostering a local value chain through strategic collaborations with Cypriot suppliers and businesses.
On July 11, Mr. Lawrence Ho, President and CEO of Melco Resorts & Entertainment, hosted a special event to commemorate the opening of the City of Dreams Mediterranean. During the event, he unveiled the company's vision that propelled the undertaking and successful implementation of this ambitious project. Mr. Grant Johnson, General Manager of City of Dreams Mediterranean, also highlighted the unique features, services, and amenities offered by this multifaceted resort.
Attendees were treated to an exclusive tour of the resort, followed by a delightful lunch at one of its exquisite restaurants.
A New Chapter Begins for Cyprus
Mr. Lawrence Ho, President and CEO of Melco Resorts & Entertainment, expressed his enthusiasm, stating, "Today signifies the start of an incredibly exciting chapter. The City of Dreams Mediterranean is creating a fresh narrative for Cyprus. It seamlessly combines the island's rich culture, warm hospitality, and natural beauty with an innovative form of entertainment and experiences. This resort offers unparalleled luxury, enriched with local elements and flavors. It opens up numerous opportunities for growth, unlocking new markets in the region and beyond. The realization of this dream is a testament to the collective efforts of thousands of individuals, encompassing collaborations with the government, the business community, our dedicated colleagues, and the welcoming residents of this island. I extend my heartfelt gratitude to everyone who contributed to making this dream a reality."
For Mr. Lawrence Ho, the journey began 16 years ago in 2007 when he and his wife visited the island for a wedding. Captivated by the warmth, hospitality, and natural splendor of Cyprus, he couldn't resist submitting an investment proposal when the Republic of Cyprus initiated a tender for the creation of an integrated casino resort (ICR) in 2015.
Emphasizing the significance of the City of Dreams Mediterranean as an investment in Cyprus' future, Lawrence Ho stated, "By providing Cyprus with a new 'story to tell,' our investment in the City of Dreams Mediterranean is a catalyst for the country's development. It also fuels local businesses, contributing to community growth and prosperity. We are deeply grateful to this community, which has warmly embraced us."
Mr. Lawrence Ho, President and CEO of Melco Resorts & Entertainment.
Mr. Menelaos Siakolas, CEO of CNS Group, highlighted the importance of this exceptional partnership, stating, "July 10, 2023, is a momentous day for all of us at CNS Group. The City of Dreams Mediterranean is a unique project that significantly elevates Cyprus' status as a tourist destination. We take immense pride in our outstanding collaboration with Melco, a company whose expertise, experience, and unwavering commitment have made this remarkable multi-theme resort a reality."
From left, Grant Johnson, General Manager of the City of Dreams Mediterranean, Menelaos Shakolas, CEO of CNS Group, Lawrence Ho, President and CEO of Melco Resorts & Entertainment.
During his welcome address, Mr. Grant Johnson, General Manager of the City of Dreams Mediterranean, expressed his gratitude to the Cypriot people for their warm embrace of the project. He also commended his colleagues for their tireless dedication and countless hours invested in bringing this project to fruition.
Grant Johnson said, "This extraordinary achievement is a result of the exceptional cooperation and support we have received in Cyprus. As the largest resort of its kind in Europe, it exemplifies the power of collaboration. The fusion of our brand, entertainment expertise, gaming experience, and Cypriot culture and hospitality creates an immensely compelling combination. Cyprus is now poised to compete in luxury tourism and major conventions across Europe and the Middle East."
Mr. Grant Johnson, General Manager of City of Dreams Mediterranean.
Unparalleled Experience and International Recognition
As the largest and premier multi-destination resort in Europe, the City of Dreams Mediterranean offers an unrivaled experience catering to diverse preferences. The resort features a 14-story luxury hotel with 500 rooms and suites, over 8,000 square meters of MICE (Meetings, Incentives, Conferences, and Exhibitions) space, an outdoor amphitheater, a family adventure park, fine dining restaurants, luxury retail outlets, sports facilities, and modern gaming amenities.
With sustainability as a core focus, the City of Dreams Mediterranean is the first development in Cyprus to achieve an 'Excellent' rating from BREEAM for its sustainability strategy at the design stage. Moreover, the resort recently received esteemed accolades at the European Property Awards 2023, winning in three categories: Best Hotel Architecture in Europe, Best Sustainable Commercial Development in Europe, and Best New Hotel Construction and Design in Cyprus.
About City of Dreams Mediterranean
City of Dreams Mediterranean, Europe's first integrated resort (IR), stands as the premier destination in the region. The resort boasts a 14-story luxury hotel with 500 rooms and suites, over 8,000 square meters of MICE space, an outdoor amphitheater, a family adventure park, exquisite dining options, and luxury retail outlets. The interior design adheres to Melco's international luxury standards, thoughtfully tailored for the Cypriot resort, while the exterior showcases distinctive Mediterranean influences. This world-class development serves as a landmark for Cyprus and the wider region, enriching the country's tourism offerings and attracting a significant number of new visitors year-round, establishing the island as a coveted destination for all seasons.
