Cyprus developers highlight GDP contribution, creation of 35,000 jobs

The Cyprus Property Developers Association (LBDA) marked its 40th anniversary this week, stating that during this time it has emerged as a “dynamic advocate and representative of the land and property development sector”.

According to a statement released by the association, the LBDA has contributed more than 15 per cent to Cyprus’ Gross Domestic Product (GDP) and employed more than 35,000 individuals.

Moreover, the association emphasised that the land and property development sector...