Chinese and Arab investors top list of interested bidders

Ten Greek ports and seven marinas are about to be privatised. The interest expressed by foreign investors is said to be growing, although concerns remain over the operational status and relative legislation, which is currently under revision.

Chinese and Arab investors are top of the list, according to the Ministry of Shipping and Island Policy’s minister Plakiotakis. The ten regional ports in question: Alexandroupoli, Elefsina, Lavrio, Rafina, Igoumenitsa, Corfu, Kavala, Volos, Patra and Heraklion.

According to the minister, each port will be regarded as a different project and will be considered separately, so to apply the appropriate business model for privatisation and development, in conjunction with the State Privatization Fund – TAIPED.

For sea tourism investments in general, the minister Plakiotakis said: “Greece can be the centre of world yachting. We need a flexible and competitive legislation framework, for the Greek and EU flagged yachts to operate easily in the Greek waters. The new marinas will also contribute to this direction.”