HFI is pleased to announce the establishment of its Eastern Mediterranean Regional Office in Limassol, Cyprus - a strategic step in the continued development of HFI and its international operating footprint.
The opening of the Cyprus office supports HFI’s objective to widen its regional focus, extending more deeply into key energy markets in the Eastern Mediterranean: Cyprus will serve as a hub for the region from Italy (recognising the key role played by ENI and SAIPEM in the MENA energy market) round to Tunisia, including Greece, Israel Egypt and Libya.
Cyprus offers a stable legal environment in the European Union, within the euro currency zone and with a strong foreign investment regime and benign pro-business taxation system. It has positive connectivity with the Middle East, North Africa and Europe, and is emerging as a jurisdiction of choice for energy sector regional holding companies.
Energy markets are increasingly prioritising diversification of supply, infrastructure, and transit routes and materially increasing strategic and investment interest in the Eastern Mediterranean region. The Energy Industries Council (EIC) DataStream currently tracks approximately 107 major energy sector projects in the Eastern Mediterranean across upstream oil & gas, refineries, petrochemicals, nuclear, and renewables – representing over US$585 billion in opportunities.
For further information on how HFI can support your business expansion in the Eastern Mediterranean region please contact sally.reeves@hfi-consulting.com to arrange a meeting with Hugh Fraser, Managing Partner.