The UK consultant said the joint venture would initially concentrate on the banking, transport and airport markets in Cyprus and Greece. It will offer building and estate management, utilities procurement and management along with facilities management.
It is the second international partnering deal for the £55m-turnover firm this year, and follows its link-up in February with South African property and construction group ASA, which has five offices throughout Africa.
Citex chief executive Oliver Jones said there were significant opportunities in Greece and Cyprus during the run-up to the 2004 Olympics in Athens. Citex said last November that it expected turnover to increase to £92m for the year to 30 April, although last month it cut seven jobs in London.