Greek Officials Give “Okay” to Touristic Investment Projects

Greek officials have now approved three tourism investment projects totaling over €240 million euro for three of Greece’s most visited islands.

According to the news, grand schemes to build hotels on Mykonos, a tourist resort on Crete, and a marina on iconic Santorini have now been green lightted.

On Mykonos, the international conglomerate “AGC Equity Partners” has plans to invest a €50.85 million euros for two hotel units, a marina, and sports facilities. The group says the new businesses will create at least 200 seasonal and permanent jobs.

On Crete, the now famous Metaxa Group intends to build a high-end resort in Lasithi, Crete, called “Cape Tholos Luxury Resort.” This highly controversial project in the area of Kavousi, is slated to cost almost €150 million euro for the building of a village with over 200 homes, and two hotel units.

In addition, the Greek government also gave the go-ahead to an investment of €40 million euros for the construction of a marina on Santorini. This project will add dock and mooring space for as many as 350 private yachts. which would have a mooring capacity of up to 350 private yachts.