Ermioni Tourism Project Gets Fast-track Approval

The town of Ermioni, Argolis. Photo © GTP

Greek authorities approved on Wednesday four strategic investments, among these a tourism resort plan, budgeted at 436 million euros and set to create 550 new jobs in total.

An interministerial committee meeting on strategic investments chaired by Development & Investments Minister Adonis Georgiadis decided to grant the four projects entry into the government’s “fast track” program which facilitates licensing procedures.

Key among these is a tourism resort plan to be implemented by Plepi Land Development LTD in Ermioni, Argolis. The project will include the creation of a 164-room hotel with supporting infrastructure such as spas and conference areas, two resort areas with 229 holiday homes, art and culture venues, leisure and sports facilities, and a 40-berth marina. The complex, to be developed along the coastal area of ​​Plepi, Ermionida is budgeted at 119 million euros and expected to create 191 jobs.

The plan of Plepi Land Development in Ermioni. Source: Enterprise Greece

“The new investment plans approved today reflect the dynamic of the Greek economy and the confidence shown in its prospects by dynamic companies from Greece and abroad,” said Development & Investments Minister Adonis Georgiadis.

“It is extremely important that the new investments concern both traditionally strong sectors of the economy, such as tourism, but also new, dynamically emerging ones, such as the ‘new knowledge-based economy’, the production of energy from RES and the protection of the environment,” he said, adding that Greece aims in 2022 to break all records in investments by promoting digital and green development as well as the extroversion of the Greek economy.

The town of Ermioni, Argolis, from a distance. Photo © GTP

Other projects approved are the “Global Business Services (GBS) Hub” to go up in Thessaloniki, active in human resource management, company financial services and project and procurement management budgeted at 125 million euros and set to be complete three years creating 280 new jobs; an “Integrated Industrial Waste Management Facility” in the area of Tanagra outside Athens, budgeted at 32 million euros and set to create 50 new jobs; and a 250,00443 MWp photovoltaic power station in Larissa, budgeted at 160 million euros and expected to create 30 new jobs.