Greece’s $8.6 billion ellinikon project revival post-crisis Revunglis, attracts Gulf investors and Asian investors
Described as the largest urban project in Europe, Ellinikon rises on the site of Athens AIRTORY Airport, transforming 6.2 square meters of land that did not match the type of Athenia into a sustainable city.
“Ellinikon stands as a powerful symbol of Greece’s renewal and excellence,” a company spokesperson from Lamda Development, the project’s developer, said. Arabian business. “As the largest urban project in Europe and one of the largest investments of its kind in Greek history, it ushers in a new era of national confidence.”
Economically, said the spokesperson of the office, € 8 billion of € 8 billion ($ 8.6 billion) and shown 2.5 percent to increase the dynamic impact of the country “. “It shows the world markets that Greece is open due to bold investments, forward, removing old doubts and showing a renewed economy, friendly to business.”
Gulf-style Smart City meets Mediterranean identity
While drawing inspiration from glitzy Gulf cities such as Dubai and Saudi Arabia, Ellinikon’s developers say the project aims to embrace the world with a local identity.
“Lamda’s development has learned from the world’s leading Smart City projects to create Ellinikon’s strategy,” said a spokesperson for the agency. “They draw on international best practices in every part of the infrastructure, integrated services, and data-driven systems, not to repeat another model, but to create a unique urban environment focused on energy and adapted to the Mediterranean context.”
This project is being built from the ground up to be a “15-minute city” where citizens can live, work and access essential services in a short walk or cycle ride. It includes extensive connectivity, Internet of Things enabled systems and automation in automation, transportation and buildings.
“What sets it apart is that it is Greek and Mediterranean,” said a spokesperson for the company. “It will be one of the most lively and distributed emerging areas in Europe – a fusion of global innovation and local character, combining the natural beauty and climate of the Athenian riviera with advanced urban principles.”
Ellinikon will include the tallest Skyscraper in Greece, the largest park on the coast and new cultures and traditions, combining the heritage of “the airport in Athens.
The project draws funds from the Gulf and Asia
Since its launch, ellinikon has attracted strong global investor interest from the Middle East and Asia as Greece experiences what Lamda calls an “investment Renaissance”.
“Ellinikon has emerged as an excellent opportunity for international investors, drawing strong interest especially in the Middle East and Asia,” said a spokesperson for the agency. “Greece is experiencing a renaissance in real estate investment, and eldlikon stands at the forefront of this renaissance as a national project.”
In recent years, about 6 billion ($ 6.4 billion) of foreign capital has flowed into Greek Real Estate, a sharp increase from € 1.5 billion) ten years ago. “International investors from the US, Europe, Asia, and Athens are getting a change, with Eldlikon, the largest project in Europe,” said a spokesperson for the organization.
Among the most notable foreign collaborations is that of the Ion Group, which is committed to establishing a €1.5 billion) Global Innovation Campus in Eldliniken by 2030.
“The partnership with Ion Group marks a pivotal milestone in establishing Eldlikon as a leading European Hub for technology, research and innovation,” said a spokesperson for the organisation. The “Ion Group, a global financial technology leader, is developing an R & D and Innovation campus that will house approximately 2,000 professionals from 44 countries in national centers.”
With Ion as the anchor trant, a wide ecosystem of start-ups, research labs and venture partners are expected to develop the campus, supported by the Athens of New Athens Computer collaboration, which will focus on Blockchain, Digital Enterprience and Health Sciences.
The developer said that the Ion Campus “shows strong confidence in long-term potential ‘and will position the region for new business” as a European center for AI, digital and R & D Excellence. “
“For investors in the Middle East, Eldlikon represents a landmark, high-quality opportunity in a stable and disruptive European environment,” said a spokesperson for the agency. “For Asian investors, it provides exposure to a mixed-use environment that supports portfolio diversification and long-term value creation.”
Economic and social consequences
The construction of eldlikon has already generated about 10,000 jobs with a certain number expected to increase to 80,000 if the project is fully operational. SPIN’s activities span multiple sectors including tourism, hospitality, retail, education and business services.
“The contribution of 2.5 percent of GDP shows a multiplier effect – from construction suppliers and consultants now, tourism and the formation of new business later,” said the spokesperson of that business. “As the districts are opened in stages – Sports park, beach, park, and first residences, followed by the latest expansion to 2030 – The numbers of jobs will increase accordingly.”
The developer described Eldlikon as “a project that all Greeks can be proud of, designed to be a world-renowned urban community.”
“After the challenging decade of 2010-2020, marking the ‘new Greece, reborn,’ the country is confident in its wisdom,” said a spokesman for the organization. “Ellinikon proves that Greece can lead to urban development and provide a tangible vision of prosperity for generations to come.”
The project is expected to be completed in phases by 2030 with the first residential and commercial elements already under construction.
