Greek Investments Committee Approves New Tourism Project in Saronida

The town of Saronida in Attica. Photo source: Saronikos Municipality

A new tourism project budgeted at 840 million euros to be erected in the coastal town of Saronida, eastern Attica, has been approved by Greece’s Interministerial Committee for Strategic Investments this week.

The “Saronida Olympos Golf Project” to be constructed by Vita Development SA will include a luxury hotel, golf course, heliport, tourist village, marina and will be equipped with renewable energy production and solid waste management units.

The tourism investment is expected to employ some 1,200 people during construction and create more than 800 permanent jobs during its operation.

The new tourism complex is aiming for a zero footprint ensuring optimal use of environmental resources and viable, long-term economic operations.

“This new strategic investment budgeted at of 840 million euros confirms that Greece is one of the most attractive destinations in the world for investment. I am optimistic that 2022 will remain a good financial year for Greece and investments will continue at a steady pace,” said Development & Investments Minister Adonis Georgiadis.

“Investments such as these upgrade the domestic tourism product and promote the role of the country as a pole of attraction for international tourism. The pro-investment environment in Greece creates new jobs and strengthens the international image of the country in the direction of a new productive model, strong and sustainable based on the principles of the green economy,” added Deputy Development & Investments Minister Nikos Papathanasis.

Besides Georgiadis and Papathanasis, Tourism Minister Vassilis Kikilias, Finance Minister Christos Staikouras and Environment Minister Kostas Skrekas were on the Interministerial Committee for Strategic Investments.