ARAB INVESTORS SHOW WILLINGNESS TO INVEST IN GREECE

Investors from the United Arab Emirates show keen interest lately to invest in the areas of energy and natural gas, real estate, food and tourism in Greece . Further discussions are made for energy privatization ( Hellenic Petroleum , PPC , DEPA ), as well as for the Development Fund.

These conclusions are drawn from the discussions between the Greek Ministry of Development, Notis Mitarakis, and representatives of the Government of the United Arab Emirates, which were led by the Minister of State, dr. Soultan Al Jaber. Concerning the Development Fund the delegation from Arabia called for an acceleration of the maturity of the plan and focused its interest in the management sector.

Dr. Al Jaber said that the financial situation in Greece is stabilized, the prospects are very good, the bilateral relations between the two countries are in an excellent level and that there is strong investing interest in several sectors of the Greek economy, for example tourism regarding hotel facilities, marinas, real estate and especially in the energy and natural gas. According to investors “it seems that the problems of the past regarding investments are gradually resolved”.

The last outstanding issues remaining to be solved for the avoidance of double taxation and the protection of foreign investments is said to be solved soon, since Minister of Finances John Stournaras has already signed the decision for the avoidance of double taxation and has already sent the draft law about the protection of investments.