Israeli Investors Showing Strong Interest for Greece

Israeli investors expressed their strong interest for Greece and a number of the country’s developing business sectors, including tourism agriculture and real estate, during a recent online event focused on investments.

Organized by Enterprise Greece, the Israel-Greece Chamber of Commerce & Industry and the Greek Embassy in Tel Aviv, the event was attended by a number of senior executives of companies from Greece and Israel.

During the event, Enterprise Greece CEO George Filiopoulos referred to the historic bilateral relations of the two countries and the emerging opportunities in investment and trade.

The main topics discussed during the event included the Greek government’s special reform program aimed at supporting the economy and the emerging investment opportunities in the fields of energy, tourism, real estate, supply chain, technology, business services (Business Process Outsourcing and Shared Service Centers), agrifood, medicines/health and privatizations.

Attendees of the event included representatives of Israel-based companies that have made significant investments in Greece’s tourism sector such as Brown Hotels CEO Leon Avigad. The Israel-based hotel chain has already proceeded with the development of 11 hotel units in Athens and Thessaloniki.

Other companies of Israeli interests that are currently doing business in Greece include Ficus Investments, Selina, the Fattal Group, which is reconstructing two hotels in Athens and real estate group Zoia Fund that is also proceeding with works for the opening of two hotels in the Greek capital.

Meanwhile, in 2021, a consortium comprising of Israeli companies Naska Industries – SK Group Ltd and Plasan Sasa will conclude the acquisition of the Hellenic Arms Industry. The consortium won a public tender after submitting an investment plan of 100 million euros.