Auto Draft

Read us | Listen to us | Watch us | Join Live Events | Turn Off Ads | Live |

Click on your language to translate this article:

Afrikaans Afrikaans Albanian Albanian Amharic Amharic Arabic Arabic Armenian Armenian Azerbaijani Azerbaijani Basque Basque Belarusian Belarusian Bengali Bengali Bosnian Bosnian Bulgarian Bulgarian Catalan Catalan Cebuano Cebuano Chichewa Chichewa Chinese (Simplified) Chinese (Simplified) Chinese (Traditional) Chinese (Traditional) Corsican Corsican Croatian Croatian Czech Czech Danish Danish Dutch Dutch English English Esperanto Esperanto Estonian Estonian Filipino Filipino Finnish Finnish French French Frisian Frisian Galician Galician Georgian Georgian German German Greek Greek Gujarati Gujarati Haitian Creole Haitian Creole Hausa Hausa Hawaiian Hawaiian Hebrew Hebrew Hindi Hindi Hmong Hmong Hungarian Hungarian Icelandic Icelandic Igbo Igbo Indonesian Indonesian Irish Irish Italian Italian Japanese Japanese Javanese Javanese Kannada Kannada Kazakh Kazakh Khmer Khmer Korean Korean Kurdish (Kurmanji) Kurdish (Kurmanji) Kyrgyz Kyrgyz Lao Lao Latin Latin Latvian Latvian Lithuanian Lithuanian Luxembourgish Luxembourgish Macedonian Macedonian Malagasy Malagasy Malay Malay Malayalam Malayalam Maltese Maltese Maori Maori Marathi Marathi Mongolian Mongolian Myanmar (Burmese) Myanmar (Burmese) Nepali Nepali Norwegian Norwegian Pashto Pashto Persian Persian Polish Polish Portuguese Portuguese Punjabi Punjabi Romanian Romanian Russian Russian Samoan Samoan Scottish Gaelic Scottish Gaelic Serbian Serbian Sesotho Sesotho Shona Shona Sindhi Sindhi Sinhala Sinhala Slovak Slovak Slovenian Slovenian Somali Somali Spanish Spanish Sudanese Sudanese Swahili Swahili Swedish Swedish Tajik Tajik Tamil Tamil Telugu Telugu Thai Thai Turkish Turkish Ukrainian Ukrainian Urdu Urdu Uzbek Uzbek Vietnamese Vietnamese Welsh Welsh Xhosa Xhosa Yiddish Yiddish Yoruba Yoruba Zulu Zulu

Israeli group to invest 500 million euros in Crete tourism project

0a10_168
0a10_168
Avatar
Written by editor

HERAKLION, Crete – An Israeli business group intends to develop a tourism investment worth 500 million euros on a 2.5-square kilometer plot on the island of Crete, its representative has told the mayo

HERAKLION, Crete – An Israeli business group intends to develop a tourism investment worth 500 million euros on a 2.5-square kilometer plot on the island of Crete, its representative has told the mayor of Hersonissos, Zacharias Doxastakis.

Part of the plot is located next to the site of a new road junction that will be created to serve the new municipal airport. Another part, which is privately owned, currently operates as the only 18-hole golf course on Crete. However, Doxastakis told Kathimerini that the group’s representative said that the investment would only go ahead if the Greek state speeds up its licensing procedures.

The investment program provides for the creation and operation of a five-star hotel unit comprising luxury tourism accommodation, a conference center, a spa, sports facilities, a shopping mall, a Cretan theme park and a casino.

The investors are asking the Finance Ministry to activate a law dating from 1994 which provides for the operation of a casino on Crete. Meanwhile, Cretan entrepreneurs as well as casino market sources say it would be best to have two casinos, one in the eastern part of Crete and another in the west.