Tornos News | Greek government cites approval of tourism-related investment worth € 408 million in eastern Crete

A relevant inter-ministerial committee tasked with overseeing “strategic projects” on Friday approved a foreign direct investment worth 408 million euros for the Aghios Nikolaos district of eastern Crete, after a favorable recommendation by the Enterprise Greece agency.

Eve though few details have emerged, the investment was characterized as “tourism-related”, including hotels, a conference center, a marina, spa, sports facilities, restaurants, shops and holiday homes.

Of the total figure mentioned, 50.4 million concerns real estate purchases that have already been made, and the rest being construction costs.

Read more here.

RELATED TOPICS: GreeceGreek tourism newsTourism in GreeceGreek islandsHotels in GreeceTravel to GreeceGreek destinations Greek travel marketGreek tourism statisticsGreek tourism report

Photo Source: Wikimedia Commons Copyright: Marc Ryckaert  License: CC-BY-SA


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