Greece Ready to Assess €8bn in Foreign Direct Investments

The Hellenic Parliament. Photo Source: @PressParliament

The Greek Development & Investments Ministry announced this week that 8 billion euros in foreign direct investments (FDI) were under assessment as part of the country’s drive to attract strategic investments.

The news was announced during the Expo 2020 Dubai through the participation of Enterprise Greece and a delegation of Greek companies. 

Over the last couple of years, a total of 6 billion euros in investments have been completed in Greece, establishing the country as an attractive investor option, said Secretary General for International Economic Affairs Yannis Smyrlis. 

Photo source: @Greece Expo Dubai 2020

Key areas of interest include technology, innovation, research & development, industry and renewable energy. 

Smyrlis went on to add that the government was taking a series of actions, including the digitalization of public services and operations, doing away with red tape, investing in innovation and outwardness which will further improve the investor environment and the promotion of plans and strengthen export activity establishing Greece as an attractive investor option.

A total of 19 companies made up the Greek delegation participating in this year’s Expo 2020 Dubai, including Copelouzos Group, Ellaktor, GEK Terna, TIF Helexpo TITAN Cement Group, and Lambda Development behind The Ellinikon project. Enterprise Greece, the official investment and trade promotion agency of Greece, was head of the Greek delegation at the Expo 2020 Dubai.

Photo source: @Greece Expo Dubai 2020

“Through a set of radical reforms, we are creating a climate of stability and trust, not only in the domestic but also in the international business community, a fact that is confirmed by the significant increase in foreign direct investment in Greece in the last two and a half years,” said Deputy Development & Investments Minister Nikos Papathanasis.