The services sector, in its broadest sense, is and will remain a dominant part of the economy of Cyprus taking advantage of the abundance of intellectual capital on the island.

Apart from services relating to tourism, real estate development and financial services, Cyprus has a strong business and professional services industry and a major presence in the shipping and maritime sector. Additionally, scientific innovation, research and development and information and communication technologies have been identified as key growth sectors of the economy.

The Council will prioritise initiatives in relation to all of Cyprus's established and growing segments of the island's vital services sector.