NICOSIA, Cyprus, Dec. 13, 2021 /PRNewswire/ -- Invest Cyprus has welcomed plans by Sword Group, an
international consulting, services, and software company, to launch
some of its operations in Cyprus.
George Campanellas, Chief Executive of Invest Cyprus, said the
Sword Group's decision to open an office in Nicosia will bolster Cyprus's reputation as a central tech hub in
the European market. The international software consultancy will be
joining a number of leading names in the industry already
established on the island.
With digital business trends gaining serious momentum during the
pandemic, Sword Group has chosen Cyprus as its new hub to further support
existing customers and expand into the European market.
Speaking on the decision, Nasser Hammoud, Operation Director at
Sword Group for the Middle
East & India, said,
"Our intention in opening an office in Cyprus is to offer our existing European
clients a second choice of location when it comes to providing
Nearshore Support and Services."
Mr Hammoud continued ,"Cyprus
provides a lucrative market for potential clients and new
projects", and went on to highlight the island's prime location for
expanding into the European market,
He added "We would also like to expand our client portfolio and
distribution network by acquiring new projects and clients in
Europe and the Middle East. It seemed like the ideal location
as Cyprus acts as a bridge for
business and trade between Europe
and the Middle East."
"The support we have received from Invest Cyprus has been very
positive and the team we collaborated with have been professional
and friendly. We are looking forward to the future of Sword
Group within Cyprus and we expect
to see the island become a key tech hub in the region."
Mr Hammoud concluded, "Cyprus
offers a wide range of incentives for tech companies and the
support provided to businesses looking to open offices in the
island made it all the more enticing."
Mr Campanellas, of Invest Cyprus, said "Sword Group joins a
number of world-leading tech companies who have taken advantage of
the strategic geographical location. Sword Group's new operations
base will expand services for their current customer base but will
also reward them with a number of new opportunities on the
island."
"We are very pleased to be able to attract such formidable
players in the tech sector, as Sword Group who are working to meet
the rapidly growing demands of global businesses." said Mr
Campanellas.
"At Invest Cyprus, we are committed to supporting businesses
throughout all steps of their development on the island from
setting up offices, expanding operations, relocating and launching
businesses. We aim to ensure any and all business development is
seamless and efficient."
"The decision of Sword Group to expand operations to
Cyprus reflects the country's
strong economic recovery following the pandemic and highlights the
growing reputation of the island as a European tech hub, attracting
significant global investment in the industry."
About Sword Group
Sword Group is an international Consulting, Services and
Software company driving global leaders in their digital &
technology transformation.
Sword has 2,000+ IT/Digital & Software specialists present
over five continents supporting companies in the growth of their
organisation in the digital age. Regionally, Sword has been present
in Lebanon since 2001 with 80+
experienced staff and also in the UAE with 30+ skilled consultants.
As a leader in technological and digital transformation, Sword
Group has acquired a solid reputation with more than 20 years'
experience in providing state-of-the-art software onshore and
nearshore outsourcing services for prestigious clients in
Europe, North America and the Middle East.
More information on Sword Group can be found here:
www.sword-group.com/en
About Invest Cyprus
Invest Cyprus (Cyprus
Investment Promotion Agency) is the national authority of the
Government of Cyprus dedicated to
attracting and facilitating foreign direct investment into the
country. Its mandate is to raise awareness of Cyprus as a destination for FDI across the
globe, providing certainty around all aspects of operating a
business in Cyprus and supporting
potential investors in developing their business case for
investment into the country.
Investcyprus.org.cy
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SOURCE Invest Cyprus