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.

Besides the tourism infrastructure of luxury accommodation and sports facilities being planned, Rybolovlev 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. He imported sand and thousands of trees to the island and hosted glamorous parties there.

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