New million dollar Greek island tourism projects and shopping centre in Athens get go ahead



The Greek government has approved million dollar tourism projects in Mykonos, Cape Tholos and Santorini, including new hotels, marinas, and sports facilities, while the northern Athens suburb of Metamorfosi will become home to a 93 million euro shopping centre.

An inter-ministerial committee for strategic investments led by Greek Economy Minister Yannis Dragasakis approved three tourism projects and a shopping/recreation center budgeted at 333.8 million euros.

The Inter-ministerial Committee for Strategic Investments known as DESE  will convene again next month in order to examine additional plans that have been submitted to state-run investment agency Enterprise Greece for approval.

The Mykonos Project: budgeted at 50.85 million euros, it includes two hotel units, a recreational boat shelter, and sports facilities, among others, set to create at least 200 seasonal and permanent jobs to be run by of AGC Equity Partners.

Cape Tholos Luxury Resort: budgeted at 149.6 million euros, the project includes a holiday home village, a tourism complex, and two hotels, expected to create some 216 full-time and seasonal jobs to be run by Tourist Enterprises Association – TEAB SA under the Maris Hotels SA brand name.

Panita LTD: budgeted at 93,422,600 euros, the plan includes the development of a shopping and recreation center in Metamorfosi, Attica, slated to open up 722 new jobs.

Monolithos Marina Santorini: budgeted at 40 million euros, the first public investment plan that involves the creation of a 350-berth marina, set to create 120 direct seasonal jobs to be run by the Municipal Port Fund of Thera.

*Source: GTPHeadlines