"Our vision is to make Ayia Napa the best and most cosmopolitan Mediterranean tourist destination that guests will enjoy, businesses and professionals will thrive from and residents will be proud of," said Hasikos.

Construction is expected to be completed in 18 months, by the end of May, 2018, with the cost for the first phase reaching EUR2.6 million, and will cover the distance between the harbour to Pernera beach.