politics Nicosia, Cyprus
Israel expands economic and military ties with Cyprus
5.1BEUR
Israeli investors held €5.1 billion in investments in Cyprus at the end of 2024.
Israel has expanded its involvement in Cyprus through water infrastructure, investment, healthcare, energy and air-defence cooperation. Some Cypriots say the relationship risks giving Israel influence over vital systems, while the Cypriot government presents it as a security alliance against Turkiye.
1 sourceAl JazeeraUpdated
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- 5.1BEUR
Israeli investors held €5.1 billion in investments in Cyprus at the end of 2024.
“Investors in Israel held 5.1 billion euros ($5.7bn) of investment in Cyprus at the end of 2024”
- 6times
Israeli investors’ holdings in Cyprus at the end of 2024 were more than six times their holdings in 2017.
“more than six times what they held in 2017”
- 2plants
Mekorot joint ventures run two of Cyprus’s five permanent desalination plants.
“run two of the island’s five permanent plants, at Larnaca and Episkopi”