ECONOMY

New hotel development projects of €630 mln get state nod

new-hotel-development-projects-of-e630-mln-get-state-nod

The Ministerial Committee for Strategic Investments has approved investments totaling 630 million euros for the development of tourism infrastructures.

These new accommodation facilities include projects such as the €240 million investment in a hotel resort in Kyllini in the western Peloponnese, complete with a marina.

White Mulberry Development intends to invest €104 million to build two hotels on Mykonos island (pictured) named Raffles Mykonos and Fairmont Mykonos, supplemented by holiday homes and a conference center.

Ios island anticipates three new projects, totaling €178 million.