A result of ...as...

最近看聯合報的the new tork times
遇到一處不懂:

"a result of the island's appeal as a low -tax gateway to
the Middle East and Africa."

我想是as a result of 的拆解,謝謝幫忙~
Update: sorry,是聯合報的THE NEW YORK TIMES.
Update 2: 謝謝,原文是:
The faliure of its second-biggest bank would have grave consequences for Cyprus,where the economy revolves around financial services─ a result......(接)
Update 3: 另外,我有聽過"as"不是介係詞,是"脫鉤的修飾語"....
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