ECONOMY

Fthiotida set for tourism project worth 2 billion euros

A 2-billion-euro tourism resort will be built in the area of Fthiotida, central Greece, in what is seen as a move that will provide a boost to the local job market. Lokros, the company that has undertaken the development and management of the project, said yesterday the resort will be located in the area of Atalanti and «will mark a new direction for Greece’s tourism sector.» It will include three hotel units, 5,000 bungalows, three golf courses and 13 tennis courts. No details concerning the scheduled completion date were given. Lokros estimates the project will create a total of 7,000 jobs, directly and indirectly, as it is scheduled to operate year-round. Tourism accounts for about 20 percent of the Greek economy.