Italy and Cyprus Focus on Shipping Investment and Cooperation at Limassol Forum

Italy and Cyprus held the Italy-Cyprus Maritime Business Forum in Limassol on October 9, focusing on cooperation in shipping, port development and maritime investment. Hosted by the Embassy of Italy in Nicosia, the forum covered topics including sustainable ports, shipping regulation and international maritime corridors, with particular attention to investment opportunities in Cyprus’s maritime sector and the IMEC corridor. Shipping accounts for about 7% of Cyprus’s GDP, rising to about 25% when the broader blue economy is included. Italy’s shipbuilding exports exceeded €5 billion in 2025, and the country accounted for 56% of global superyacht orders.