Who We Are
We Build on our Heritage
Psaras Construction origins go back to 1957 when the talented young entrepreneur Nicos Psaras created one of the first construction companies in Cyprus. Nicos Psaras was born and raised in the Famagusta region at Assia village and later moved to Aglantzia, Nicosia where he married Despo Karaoli. They started building locally together, with the support of his father in law, Costas Karaolis who was at the time the mayor of Aglantzia. The business expanded its services, focusing mainly in Nicosia, Famagusta and Kyrenia areas until 1974. Following the Turkish invasion, they moved their operations into the Middle East.
During the late 80’s while working in the Middle East, they restarted operations in Cyprus, with their children, Kyriakos, Aphrodite and George Psaras joining the family business. The second generation took over completely in 2000 following the loss of their father Nicos Psaras.
Since then the company continued to grow, establishing their own office in London UK and formed offices with local partnerships in Muscat and Bucharest. In 2011 the first member of the third-generation son of Kyriakos Psaras, Alexis Psaras joined the company and in 2018 Evangelia Psara, daughter of George Psaras joined too.
Today the company is focused mainly in Cyprus and is involved in a series of projects continuing with the same success and the same vision inherited by the founders.
OUR MISSION & VALUES
We deliver high-quality, cost-effective projects on schedule
Our strong set of values is what defines our business. We pride ourselves on our integrity, operating in an open and transparent way and treating people fairly and with respect. We want to be a company that our clients want to work with, and our employees are proud to work for.
We recognize our responsibilities in relation to all aspects of safety, sustainability, health, environment and quality and we are strictly committed to them. This involves taking certain actions to help raise our performance standards and enhance the public’s perception of construction. That’s why we work hard to improve our performance to deliver the best possible outcomes for our projects, our clients, our people and everyone involved.
It is an ethos that runs through our family business. We value the importance of our relationships and will continue to remain fair and true in our dealings with all employees, clients, suppliers, and partners. Everyone around us counts on our dependability, our drive, and our integrity. We take great pride in our accomplishments and build on them every day.