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February 18, 2026

Contribution to the The Legal Industry Reviews, Saudi Arabia edition


We are pleased to contribute to the 3rd edition of The Legal Industry Reviews, Saudi Arabia edition, with an article examining Cyprus as a strategic EU gateway for Saudi entrepreneurs and investors, authored by Pavlina Constantinides, Partner and Head of the Corporate Department of our firm.

The article explores Cyprus’s geographic and regulatory advantages, recent reforms, the IP Box regime, EU policy engagement, and developments relevant to market access, technology, IP structuring and cross-border investment. Particular attention is given to Cyprus’s role within evolving Europe–Gulf trade dynamics, including EU institutional developments, Schengen accession prospects and regional connectivity initiatives.

The edition is now available online here: https://thelegalindustry.com/saudi-arabia/

We thank LIR for the opportunity to be part of this edition and to contribute to the broader legal and commercial dialogue between Saudi Arabia and the European Union.

New eProcurement system in operation in Cyprus


As of 3 February 2026, the new national eProcurement System is in operation in Cyprus, under the responsibility of the General Accounting Office of the Republic. The system forms part of the ongoing reform of the public procurement framework and replaces the previous electronic procurement platform.

The new system provides an integrated digital environment covering the full procurement cycle, including procurement planning, tender procedures, contract award, and contract management. It introduces, among other functionalities, a Contract Management module enabling structured monitoring of contract performance, milestones, and payments, as well as an electronic repository (eAttestations) for the submission and management of certificates and declarations relating to selection and exclusion criteria.

Additional features include annual procurement planning, enhanced internal communication and clarification mechanisms, and data analysis and reporting tools supporting oversight and compliance. Existing functionalities, such as electronic catalogues, search tools, and the user interface, have also been updated.

Economic operators and contracting authorities should take note of the procedural and compliance implications arising from the use of the new system, particularly in relation to documentation, deadlines, and contract administration. Access to the platform is available at www.eprocurement.gov.cy.

For more information please contact Katia Kakoulli (katia.kakoulli@demetriades.com) or your usual contact at Chrysses Demetriades & Co LLC.