Greece’s government has approved three major tourism investments worth more than €1.2 billion (A$2.04 billion).
Following a meeting of the Interministerial Committee for Strategic Investments, led by Development Minister Takis Theodorikakos, the projects have been fast-tracked under the government’s streamlined procedures.
These investments are expected to enhance Greece’s tourism offerings, attract affluent visitors, and generate new job opportunities and overall foster economic growth and sustainability to Mediterranean tourism.
The meeting also included ministers for Energy, Culture Minister, State and Deputy Minister of National Economy and Finance, underscoring the government's combined commitment to advancing high-end tourism development.
Hydra Rock Real Estate Property S.A. is set to invest €474 million in a sustainable luxury tourist resort in Ermionida in the Peloponnese which will offer high-end accommodations designed with environmental stewardship in mind.
GH Hotel and Tourism S.A.is also going to invest €224 million to build a luxury eco-resort and upscale holiday homes on Megalonisos, Petalioi, near Evia.
The eco-resort will be targeting high-net-worth individuals with the development featuring luxury holiday villas and prioritising sustainable travel experiences, positioning Greece as a premier destination for eco-conscious luxury tourism.
Finally, the largest of the three investments is Astakos Terminal International Trade & Services S.A. injecting €524 million into transforming the Port of Platygialos in Astakos, Aitoloakarnania in Western Greece into a world-class marina catering to travelling super yachts.
Astakos is also Greece’s only free trade zone and is expected to attract significant international investment, further boosting the nation’s maritime and tourism industries.
The Greek government hopes that by leveraging its natural beauty, cultural heritage, and strategic location it will be able to facilitate sustainable luxury tourism and infrastructure development.
In the long term, enhancing the island country's competitiveness in the global market while ensuring economic benefits for its local communities.
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