Rybolovlev to turn Skorpios into a Davos-like conference venue

Dmitry Rybolovlev’s plan for the transformation of Skorpios island, near Lefkada in the Ionian Sea, into a super-luxurious tourism complex has entered the final stretch.

The Russian tycoon’s ambitions for the island formerly owned by the Onassis family, however, go much further than that.

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Dmitry Rybolovlev.

Besides the tourism infrastructure of luxury accommodation and sports facilities being planned, the Russian billionaire strives to create Davos-like standards, allowing the island to host high-level closed conference events.

The cost of staying at the ‘new’ Skorpios will reach up to 1 million euros per week.

Aristotle Onassis bought Skorpios island in 1963 for 3.5 million drachmas, or what would be about $12,500 today, according to the Wall Street Journal.

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Skorpios island.

He imported sand and thousands of trees to the island and hosted glamorous parties there.

READ MORE: Greece approves €165 million project on Skorpios by Russian tycoon Rybolovlev.