Three tourism projects worth 1.2 billion euros included in Strategic Investments

Three Strategic Investments in the tourism sector, with a total budget of 1.22 billion euros, were approved by the competent Inter-Ministerial Committee. These are the projects of Hydra Rock in Ermioni, GH Hotel in Megalonisos Petalion, Evia, and the Nautilus Project, the mega yacht marina in the port of Astakos.

These three investments, which will receive the incentives of rapid licensing and the Special Spatial Development Plans for Strategic Investments through the General Secretariat for Private Investments, concern the development of high-standard tourism, taking into account sustainability criteria in areas where they can create significant development prospects for the local community.

The three strategic investments

1. HYDRA ROCK REAL ESTATE SOLE PROPRIETARY S.A. (474 ​​million euros)

The first investment concerns the creation of a luxury tourist resort in the Ermionida area by Hydra Rock Real Estate Sole Proprietorship S.A., of Yannis Vardinoyannis, Chairman and CEO of Motor Oil. The project includes:

The development of high-standard hotel units with an emphasis on sustainability.
The creation of luxury villas and tourist residences.
The integration of green technologies to reduce the environmental footprint.
The development of a marina to service pleasure boats.

2. GH HOTEL HOTEL AND TOURISM SOLE ENTITY S.A. (224 million euros)

The second investment focuses on the creation of a luxury eco-tourism resort in the island complex of Petalia in Evia, by Grivalia. Key elements of the project are:

The construction of a five-star hotel, 302 beds, which will operate under the Six Senses brand, with 5-star wellness facilities, restaurants, sports areas, accommodation, and entertainment areas for staff.
The development of holiday homes, fully integrated into the natural landscape.
The use of sustainable building materials and energy-autonomous infrastructure.
The creation of a private marina and marine activities facilities.
Strategic importance of the investments

3. ASTAKOS TERMINAL S.A. (524 million euros)

The third and largest investment concerns the conversion of the port of NA.VI.PE. Platygiali in the Astakos region of Aitoloakarnania into a state-of-the-art tourist hub. The “Nautilus Project”, as the long-awaited tourism investment in Platygiali Astakos has been named, includes:

The development of a marina with 350 berths for superyachts, making Astakos an important destination for marine tourism.
The construction of a luxury hotel unit as well as villas and luxury residences as well as recreational areas.
The development of commercial uses, such as restaurants, shops, and cultural event venues.
The creation of modern infrastructure to support maritime activities.
The project is being implemented by the Cypriot company MYMAR Nautilus Investments, with CEO Nikos Athanasopoulos (former CEO of OASA), its construction has been undertaken by ARCHIRODON, while the management, organization, and operation of the yachts will be jointly undertaken by A1YACHTS and BWA of the Vassiliou family.

These investments are expected to significantly enhance the country's tourism development, creating new jobs and attracting visitors with high demands. Furthermore, their rapid licensing and the integration of innovative technologies in their infrastructure underline Greece's shift towards sustainable and competitive tourism models.

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