Investments Five Major Tourism Projects in the Pipeline, Awaiting Go-ahead by GTP editing team 18 February 2015 written by GTP editing team 18 February 2015 1 comment Share 0FacebookTwitterLinkedinWhatsappEmail 24 “Ithaca Resort” project. Photo source: interportfolio.com Five major tourism projects in Ithaki, Viotia, Chios, central Greece and Crete, are awaiting the green light under the country’s “Fast Track” law, which accelerates the licensing procedures for private-public investments, according to Greek daily Kathimerini. Investors who have filed under the law have expressed concerns as they are still waiting for a Ministerial Committee for Strategic Investments (DESE) decision. Among the main projects for review is Ithaca Resort. An Australian group of investors have announced plans to build a mega luxury resort on the southern shores of the Ionian island of Ithaki to include six luxury hotels and 1,020 suites, a marina to accommodate 200 yachts, a golf course and a waterfront village. With a budget of 123 million euros, Sportsland SA plans to establish a holiday village complete with suites, hotels, golf course, sports facilities and conference center some 75km from Athens in Viotia, central Greece. Valued at 384 million euros, Solar Power Systems, a consortium of Greek and foreign interests, is awaiting the green light for the construction of nine photovoltaic power stations in central Greece, with a total capacity 470 MW. Kerameia SA is planning to invest 150 million euros on the island of Chios for the development of a five-star 700-room hotel. Dutch company Royal Vopak NV has its sights on the construction of an oil storage terminal in southern Crete, budgeted at approximately 500 million euros. Follow GTP Headlines on Google News to keep up to date with all the latest on tourism and travel in Greece. Share 0 FacebookTwitterLinkedinWhatsappEmail GTP editing team This is the team byline for GTP. The copyrights for these articles are owned by GTP. They may not be redistributed without the permission of the owner. previous post UNWTO: Governments Around the World Recognize Benefits of Visa Facilitation next post Thessaloniki Wine Contest to Taste and Judge You may also like Greece’s Hotel Market Sees Major Investments Over Four Months 5 February 2025 Greek Tourism Ministry Monitors Santorini Situation as Seismic Activity Continues 5 February 2025 Global Air Passenger Demand Reaches Record High in 2024, IATA Reports 5 February 2025 Greek PM Reassures Public About Santorini’s Ongoing Seismic Activity 5 February 2025 Milos: Ministry Suspends 5-star Hotel Construction Near Sarakiniko Beach 5 February 2025 ELIME and HELMEPA Join Forces for Safer, More Sustainable Greek Ports 5 February 2025 1 comment Anoushka Temple 19 February 2015 - 14:56 A 700 bedroom hotel in Chios!!! Wow that’s extravagant…..honestly speaking I think they will find it a challenge to achieve high occupancy as Chios, as beautiful as it is remains an unknown tourist island. Which is odd because Chios is one of the most beautiful islands in the Aegean, I’m biased anyway because I come from Chios but that’s a pretty big project they’re proposing. I tend to take everything with a pinch of salt when it comes to Greece announcing new restoration projects. Simply because they never seem to follow through…I mean the Re-Think Athens project has been halted due to the European Union labeling it as ‘ornamental & touristy’ and thus I just hope all these potential incentives for the country do in fact become a reality. Come one Greece let’s not give up. Reply Leave a Comment Cancel Reply Save my name, email, and website in this browser for the next time I comment. Δ
