To be developed in the heart of the capital, Nicosia, the scheme will require that architects promote the development of modern technology in their designs and optimise the environmental benefits for the buildings and the community.
The main focus of the project will be the art gallery, which will be supported by accommodation, taking the form of luxury flats for renting, and a small restaurant.
The submissions must demonstrate an understanding of the cultural setting for the building, which will be sited close to the 15th century Venetian walls of Nicosia.
The project will be sponsored by the A G Leventis Foundation, which has a record of sponsoring many educational programmes and major projects in the arts internationally.
The selection process will primarily take the form of a competitive interview. A shortlist of no more than six teams will be invited to make presentations of their preliminary ideas in Cyprus, specified by the sponsors so entrants can see the site.
By way of contribution to travel and other expenses, an honorarium of £5,000 will be paid to each shortlisted architect.
The deadline for expressions of interest is Tuesday 26th September. Full details on the competition and how to apply are available from the RIBA competitions office: firstname.lastname@example.org visit www.ribacompetitions.com.