The Greek government has given the green light to three major tourism investments with a total budget exceeding 1.2 billion euros this week, demonstrating its commitment to high-end tourism development.
The decision was announced following a meeting of the Interministerial Committee for Strategic Investments, chaired by Development Minister Takis Theodorikakos. The committee included the participation of Energy Minister Theodoros Skylakakis, Culture Minister Lina Mendoni, State Minister Makis Voridis, and Deputy Minister of National Economy and Finance Nikos Papathanasis.
The three projects have been incorporated into the government’s fast-track program, ensuring streamlined procedures for their implementation.
The three investments concern large scale tourism projects on the islets of Petalioi outside Evia, in Ermionida in the Peloponnese, and in Astakos, Western Greece.
More specifically, Hydra Rock Real Estate Property S.A. will invest 474 million euros in the creation of a sustainable high-end tourist resort in Ermionida, Peloponnese; GH Hotel and Tourism S.A. will invest 224 million euros to develop a luxury eco-resort and upscale holiday homes on Megalonisos, Petalioi, near Evia; and lastly, Astakos Terminal International Trade & Services S.A. will invest 524 million euros to convert the Port of Platygialos in the Astakos area of Aitoloakarnania into a world-class marina catering to mega yachts.
These investments are expected to contribute to the competitiveness of Greece’s tourism product, attract high-net-worth visitors, and create new jobs.
