Limassol, Cyprus » City Info » Economy

Limassol (Lemesos) plays a vital role in the economy of the Republic of Cyprus. After the occupation of Famagusta and Kyrenia by the Turkish invaders in 1974, Limassol became the major seaport of Cyprus, leading to the growth in tourism and trade in the area.

Limassol is famous for its sandy beaches suitable for swimming and sunbathing. Additionally, it offers a wide selection of accommodation built within walking distance to local amenities such as restaurants, confectioneries, clubs, bars, entertainment, and festivals that attract thousands of tourists.

Limassol is the home to many wine companies. Famous companies like KEO, LOEL, SODAP and ETKO produce wines and cognacs (brandies) using the best quality grapes grown in the countryside. Also, a large quantity of the total production is exported all over Europe.

Limassol is the trading hub of Cyprus that has several industrial units and industrial wares. These industries include dress-making, food, furniture, prints, electric devices, plastic goods and many more. Inhabitants of rural areas are typically associated with agriculture, stock breeding, tourism and handicraft industries but with the majority involved in the fishing trade.

Limassol's trade markets are located in the city centre. Most of the restaurants, nightclubs, hotels are in the same area serving the tourists all year around.

There are two ports in Limassol, the old port and the new port. The new port is the largest port that receives commercial and passenger traffic throughout the year. Major import, export activities are carried out from this new port.

In 2014, a marina was opened to the public, which has a capacity of around 1000 yachts.

Recently Limassol has experienced a boom in the construction industry and tourism industry.