Huge Investment in Cyprus from Chinese group JimChang Giovani (Jim Chang Global)
Jimchang Group found The Giovani Group and discovered the wonders of Cyprus, and so a partnership was formed. Jim Chang Global Group are investing 50 million euros to fund the building of a spectacular hotel, with construction being undertaken by the Giovani Group. The hotel will be named Sun City Hotel and it will be a luxurious, high end super 5 star hotel.
Located on Ayia Thekla beach, near the Ayia Napa marina, it is bound to draw a lot of extra attention, and visitors to the area. The hotel will have 250 luxury rooms, as well as all the other facilities you would expect of a 5 star hotel such as pools, bars and restaurants, and a spa. Interestingly, there will also be some residential properties at the Sun City, with 31 luxury apartments, and 10 luxury detached villas on the water. It sounds like a pretty amazing place to live for those who can afford to do so! Not only will this venture bring more tourists and business to the area, but it will also be a great source of employment.
The construction work brings with it lots of opportunities for work for people in the area, and once the hotel is up and running, it is thought that there will be around 140 permanent jobs available within the hotel. Additionally, the group have promised that they will employ local people from the Sotira area in all of these positions. It will certainly be a great boost for the local economy.
The resort will hopefully be open by this summer, if you’re thinking of paying it a visit and being one of the first guests to take in this amazing experience. It’s pretty much guaranteed to be an awe inspiring place to stay.
The Jimchang Group chose Cyprus as a great place for investment because they immediately saw Cyprus as a charming and beautiful country that already attracts many Chinese and Western visitors. Cyprus already has everything that a holiday destination needs. Amazing scenery, great weather, perfect beaches and a wonderful, friendly atmosphere, everywhere you go. The investment will initially be in the region of 100 million euros, for the Sun City Hotel, but that won’t be the end of the investment.
The long term plan is to invest further in the area over the following two years at least. Their intention is to set up a centre to attract more investors into the area. Already the Jimchang Group are touring other countries looking for further investors into their projects. From here they hope to expand into other European countries, one by one, but their efforts will be concentrated on making their Cyprus ventures a success first.
The group have been spreading the word in their home country of China, promoting the island of Cyprus, and they have pledged to ensure that more and more Chinese tourists visit over the coming years. The project has been well received in the local area, so much so that the two directors Tommy Chen and Vicki Zheng have been given the key to the city of Sotira by the Mayor.
The Jimchang Global Group is certainly one to keep an eye on, there could certainly be more big investment coming to Cyprus in the future.
A €75 m five star luxury beach hotel is currently under construction in Sotira and should be completed by 2019.
The project — the five star Sun City Spa & Resort Hotel is by the consortium Jim Chang Global Corporation Group, set up by Chinese investors in Cyprus. It is situated on Ayia Thekla beach in the Sotira area and encompasses a 190 room hotel and 10 villas.
The Jim Chang Global group plans to expand beyond tourism to education and other sectors, serving as an investment bridge between Cyprus and China.
Chinese Group Jim Chang Global Holding has officially its headquarters in the coastal town of Paralimni.
Addressing the event on Thursday evening, Paralimni Mayor Theodoros Pyrillis welcomed the group’s investment in Sotira through the construction of a hotel, adding that such big investments in the Famagusta district contribute to upgrading the area in terms of tourism and the economy.
One of the founders of the Group, Tommy Chen, said that they have been doing business in Cyprus for the past three years and thanked their Cypriot partners for their substantial support and help.
“We are providing industry related services to make the guests and friends who come to Cyprus for their journey enjoy distinctive service,” he said.
On her part, co-founder Vicky Zheng said: “We conduct our industrial presence in Cyprus with the mindset of Chinese people and commit ourselves to establishing a full range industrial ecosystem integrating education, tourism, internet platform and golden key butler service focusing on the hotel, villa and apartment industry” she said.
Christakis Giovanni, CEO of the Giovani Group, partner of the Chinese Group in Cyprus, said that the decision to select Famagusta as the seat of the JimChang Group is an honor and demonstrates its support to the local society and the economy.
Our company Jimchang Cyprus Developing Co Ltd is now a proud part of Giovani Group of Companies which is perceived as one of the most appealing development and contracting group in the evolving industry of Cyprus.
The Giovani Group maintains a significant role in the development of the country and it’s proud to highlight that within its group there are some established companies that maintain a strong position in the local and foreign market.
Jimchang Cyprus Developing Company Ltd, is considered to be the South East Coast’s leading property developer with a number of amazing projects along the coast.
Our companies have long been working closely with well established associates and several professionals with the aim to offer benchmarking products and services to its clientele.
The paramount vision of our Board of Directors is to provide the highly competitive property and contracting market with exclusive, quality products & services along with an excellent level of customer service.
The management, has also a solid goal which is to maintain its big market share through exceptional provision of high level contracts.
With a commitment to building excellence and quality of construction our team plays a major role in the development of the South East Coast of Cyprus.
Nowadays, the company is widely recognized as one of the leaders in the Cyprus Building sector, due not only to its volume of building, but also due to the high standards of Quality, Health and Safety, and Environmental role that provides the market. Its operational techniques have been also recognized several times by quality associations and committees.
As a result, our group is one of the few in Cyprus that complies fully with the International Standards EN ISO 14001:2004 (Environmental management system), OHSAS 18001:1999 (Occupational Health and Safety Management System), and EN ISO 9001:2000 (Quality Management System); something that has established its presence in the Cyprus Property market as a most reliable company. Initially, the company’s primary business was to serve the British Sovereign bases in Dekhelia back in the early 80s.
Proudly we can say that we are one of the three companies that hold an A’ class annual contractor’s license and have class A experience in the Famagusta district, according to the contractor’s association.
’Story began when we founded Jimchang Cyprus Developing Company Ltd with the purpose to offer luxury properties to investors. The company has since then been growing considerably, to an enormous size with a substantial professional workforce, and a wide range of approved suppliers and subcontractors all over the globe.
By joining forces with Giovani Group, the leading real estate developer in South East Cyprus, our company now holds a number of prestigious projects with Sun City being the flagship and one of the most astonishing real estate developments ever launched in Cyprus.
Our Group had successfully developed the strategic partnerships on the island of Cyprus. Partnerships based on trust, experience and quality services.We take pride in delivering to clients the chance to experience the lifestyle of their dreams on the island of Cyprus and we will continue to do so relentlessly.
The Sun City is estimated to operate within approximately 18 months after the start of construction work, before the summer of 2018.The ambitious project of 50 million. Euro, the construction of which undertook the construction group Giovani, an investment of Chinese group Jim Chang Global.
However, the project will also be presented to foreign investors, and has already scheduled a special tour in Chinese cities in mid-November, and later followed a similar presentation in countries such as Thailand and Vietnam.
The first elite hotel Savior will feature, among others, in addition to 200 rooms, a luxury spa and a pool indoor and outdoor. It will also include residential development consisting of 44 luxury apartments and 11 houses on the water.
They will be hosted and international scope restaurants with familiar names from the global culinary map.
In Sun City, which spans 23,000 square meters, estimated peripou140 employees will be employed as permanent staff and several others, who will work during the construction.
Recall that the project, which comes from a private company registered in Hong Kong, is expected to be the largest private investment in the tourism industry in Famagusta, while special emphasis seems to be on architecture approach.
The luxury hotel will be built near the Ayia Napa marina, with the City Savior considering that the creation of the marina, with a total cost of 220 million Euros, will contribute positively to growth and Savior region.