Invest Cyprus welcomes the decision of International IT Services and Software Solutions Sword Group to open an office in Nicosia


Nicosia, Cyprus, December 13, 2021 / PRNewswire / – Invest Cyprus welcomed the plans of Sword Group, an international consulting, services and software company, to launch some of its operations in Cyprus.

George Campanellas, Managing Director of Invest Cyprus, said that Sword Group’s decision to open an office in Nicosia will strengthen Cyprus reputation as a central technological hub on the European market. The international software consultancy will join a number of big names in the industry already established on the island.

As digital business trends gain momentum during the pandemic, Sword Group has chosen Cyprus as a new hub to further support existing customers and expand into the European market.

Speaking on the decision, Nasser Hammoud, Director of Operations at Sword Group for the Middle East & India, said: “Our intention to open an office in Cyprus is to offer our existing European customers a second choice of location when it comes to providing Nearshore support and services. “

Mr. Hammoud continued “Cyprus provides a lucrative market for potential clients and new projects “, and went on to highlight the island’s prime location for expanding into the European market,

He added: “We would also like to expand our customer portfolio and our distribution network by acquiring new projects and customers in Europe and the Middle East. It seemed like the perfect location because Cyprus acts as a bridge for business and commerce between Europe and the Middle East. “

“The support we have received from Invest Cyprus has been very positive and the team we have worked with has been professional and friendly. We look forward to the future of Sword Group within Cyprus and we expect the island to become a key technology hub in the region. “

Mr Hammoud concluded: “Cyprus offers a wide range of incentives for tech companies and the support given to companies looking to open offices on the island has made it all the more attractive. “

Mr. Campanellas, Invest Cyprus, said: “Sword Group joins a number of leading technology companies that have taken advantage of the strategic geographic location. Sword Group’s new base of operations will expand services to its current clientele, but also reward them with a number of new opportunities on the island. “

“We are very pleased to be able to attract such great players in the tech industry, like Sword Group, who are striving to meet the rapidly growing demands of global businesses.” said Mr. Campanellas.

“At Invest Cyprus, we are committed to supporting businesses at all stages of their development on the island, from the establishment of offices and expansion of operations, to relocation and business launch. We aim to ensure that all business development is transparent and efficient. “

“The decision of Sword Group to expand its activities to Cyprus reflects the country’s strong economic recovery from the pandemic and highlights the island’s growing reputation as a European technology hub, attracting significant global investment in the industry. “

About Sword Group

Sword Group is an international consulting, services and software company that supports world leaders in their digital and technological transformation.

Sword has more than 2,000 IT / digital and software specialists on five continents who support companies in growing their organization in the digital age. At the regional level, Sword has been present in Lebanon since 2001 with more than 80 experienced employees and also in UAE with more than 30 qualified consultants. As a leader in technological and digital transformation, Sword Group has built a solid reputation with over 20 years of experience in providing cutting edge software onshore and nearshore outsourcing services for prestigious clients in Europe, North America and the Middle East.

More information about Sword Group can be found here:

About Invest Cyprus

Invest Cyprus (Cyprus Investment Promotion Agency) is the national authority of the government of Cyprus aimed at attracting and facilitating foreign direct investment in the country. Its mandate is to make known Cyprus as a worldwide FDI destination, providing certainty on all aspects of running a business in Cyprus and support potential investors in developing their business case for investing in the country.

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SOURCE Invest Cyprus


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