MoU with Municipal Pot Fund of Thira

Greek state trade and investment promotion agency, Enterprise Greece, has signed a memorandum of understanding with the Municipal Port Fund of Thira to help find investors for the Monolithos Marina in Santorini and assist in the planning and development of the project.

Under the terms of the memorandum, Enterprise Greece will prepare the project for development with the ultimate goal of including the marina in the Greek government’s strategic investment process, which is accorded to major projects deemed to be of national strategic interest.

Among other things, this includes drawing up an investment plan for the development of the marina, clearing the way for the application of relevant building and other licenses, and promoting the project with foreign investors.

The memorandum was signed April 3 between Enterprise Greece CEO Elias Athanasiou and President of the Municipal Port Fund of Thira Ilias Pelekis, and in the presence of Thira Mayor Nikos Zorzos.

Following the signing, Messrs. Athanasiou and Pelekis, said in a joint statement: “Our goal is to bring the planned project to maturity by preparing an investment plan that will study the technical feasibility and sustainability of the project, and will detail its contribution to the local and national economy, thereby preparing the project for domestic and international investors and make it attractive to businesses interested in investing.”