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Iacovou Concessions

The vision of the management to expand its operations through BOT(Build-Operate-Transfer), PFI (Private Finance Initiative) and PPP (Public Private Partnership)  projects has come to life with the group's participation in Hermes Airports Ltd which has undertaken the the first major BOT Concession of the New Larnaka and Pafos International Airports for 25 years.

Iacovou Constructions has undertaken all external works of the New Larnaka International Airport and the all works of the Pafos International Aiport.

The management believes that the future in the construction industry lies in Public Private Partneships through private finance and setup a team to undertake similar jobs in the future.

Currently the group is participating in the consortiums selected to undertake the New Pafos Marina and the Re-development of the Larnaka Port and Marina Projects.