Tourism Investments & Real Estate

Greek Prime Minister Alexis Tsipras is expected to sign a three-year agreement with Chinese officials to attract investment to Greece, during his visit to Beijing in May.

A consortium of three companies is on its way to be awarded a 67% stake in the Thessaloniki Port Authority, after making an improved bid of €231.92 million.

The northern Greece region of Halkidiki has attracted investors who have placed over 300 million euros in hospitality projects over the last five years.

Greek state privatization fund TAIPED is seeking for financial advisors to provide advisory services for the sale of its 30 percent stake in Athens Airport.

Two investors – an Abu Dhabi-based entity and a Greek group – have expressed interest in the island of Fleves in the Saronic Gulf, off Vouliagmeni Bay.

An infrastructure consortium made up of GMR Airports Limited and GEK Terna placed a bid at 480 million euros for the construction and operation of the new Kastelli airport on Crete.

A number of important deals were completed last year in the Greek hotel industry, while more international firms are looking into doing business in the country, according to a report.

Piraeus Municipal authorities are proceeding with a 15m euros redevelopment program to transform the port city into a major tourism destination.

Prime Minister Alexis Tsipras said the investment in the country’s 14 regional airports by German airport operator Fraport, is an “important moment for Greece.”

Fraport Greece is taking over the 40-year management of 14 regional airports across Greece and plans to proceed with renovation and construction works.