Fama Group was established in Cyprus in the 1940s and operated a shipyard in Famagusta until 1974 when the Turkish invasion of Cyprus occurred, resulting in the loss of all its assets and facilities in Famagusta. The company rebuilt in Limassol and established Fama Group Shipyard, the only shipyard in Cyprus. It has since grown significantly and diversified into offshore oil rig and vessel repair, modification and construction, operating facilities in Cyprus, Malta, and Lebanon to serve the Eastern Mediterranean region. It has a strong reputation and repeat customer rate for its work in the offshore industry.