Korantina Homes Announces Two Student Scholarships at American University of Beirut – Mediterraneo

Korantina Homes is proud to announce the establishment of two fully funded scholarships at the American University of Beirut – Mediterraneo (AUB Mediterraneo) in Paphos, Cyprus. This initiative reflects the ongoing commitment to supporting education and fostering academic excellence within the community.

These scholarships, worth €80,000, will cover the tuition fees for two exceptional students over the course of their four-year studies. The scholarship program underscores our dedication to investing in the future of young individuals who demonstrate outstanding academic performance and potential.

George Ioannou, CEO of Korantina Homes, expressed his enthusiasm for this new initiative, stating, ‘Our group supports and promotes every effort that aims at enhancing knowledge, research, innovation, and of course academic excellence. We believe that these scholarships can become an incentive for students to strive for excellence at AUB Mediterraneo, a twin campus of an internationally recognized and well-established university that is making Cyprus a prestigious regional hub of academic studies.’

Dr. Fadlo R. Khuri, Chairman of the Board of Directors of AUB Mediterraneo, and Dr. Wassim El Hajj, Rector of AUB Mediterraneo, have expressed their gratitude towards Korantina Homes and George Ioannou for their generous support, stating, “We share common values with Korantina Homes, such as the passion for quality and constant evolution.” In recognition of George Ioannou’s support, Dr. Khuri and Dr. El Hajj presented him with a special commemorative plate, symbolising the deep-rooted connection and mutual respect between the two institutions.

The relationship between Korantina Homes and AUB Mediterraneo started in September of 2023, when Cap St Georges Hotel & Resort, the award-winning property developed by Korantina Homes, hosted the first official meeting of AUB Mediterraneo’s Board of Directors. This event highlighted the close relationship between Korantina Homes and the University, as well as their shared commitment to promoting high-quality education and research. The new collaboration between Korantina Homes and AUB Mediterraneo and the award of the scholarships marks a significant step in strengthening the ties between the two institutions and reinforcing the importance of academic excellence.

This initiative by Korantina Homes supports the academic aspirations of young Cypriots and aligns with the company’s broader mission to make a positive impact on society through responsible and sustainable development. By investing in education, Korantina Homes continues to demonstrate its commitment to the community and its future.