With Neapolis near Pafos, Cyprus planns an investment of 2 bn EUR for 1 mio square meters. Neapolis seems to be a greenfield project and aims to position itself as the first ‘Smart EcoCity’ within the EU.
The financial and business model is not transparent on the website so I asked for further information – let’s see, how reliable they are!
At first sight it looks as if the leptos group is a construction company (founded 1960) focussing on hotels and resorts. Is the next step from there to build smart cities?
Looking forward to receive further information from them on how involvement of technology providers is planned, how investment should work and what the timing is. I keep you posted!