Greece is one step closer to developing its own Silicon Valley near Thessaloniki

·

The possibility that Greece could develop its own version of Silicon Valley has grown more likely, as the state has recovered ownership of a 760,000 square metre plot at Peraia in Thessaloniki, where a fourth-generation technology park is to be developed.

The seaside property, which has a 750 metre frontage onto the Thermaikos Gulf, used to belong to state broadcaster ERT and was transferred to state privatisation fund TAIPED in 2013.

However a few years ago, the strategy for the utilisation of the plot changed. It was decided that the property should return to the state so that it could be conceded to the administrative entity, Alexander Innovation Zone in Thessaloniki, for the development of a technology park.

The new entity will have to complete the necessary studies and secure the financial resources by the end of 2021, otherwise the property will be returned to TAIPED.

The project constitutes an investment of 50 million euros to come from private parties, loans and donations.

Some €250,000 has already been spent on studies and the business plan, according to the President of the Alexander Innovation Zone, Kyriakos Loufakis.

Advertisement

Share:

KEEP UP TO DATE WITH TGH

By subscribing you accept our Terms of Service and Privacy Policy.

Advertisement

Latest News

Earlwood’s Greek spirit centre stage as ‘Plateia’ Festival secures state funding

The City of Canterbury Bankstown will host the “Love Earlwood” festival thanks to the NSW Government’s Open Streets 2025-28 Program.

Greek Consul General honoured at Hellenic Club farewell event in Sydney

Sydney’s Greek community came together on Thursday for a dignified farewell dinner in honour of Greece’s Consul General, Ioannis Mallikourtis

Field of candidates announced for 2025 Greek Community of Melbourne Board election

Greek Community of Melbourne has officially called elections for a new Board of Directors, with members set to head to the polls on June 29.

Australia Cup 2025: Strong Greek heritage club presence as Final 32 locked in

The cast for the Hahn Australia Cup 2025 Round of 32 has been decided following the completion of the Preliminary Rounds.

Apostolakis and Trimis named on Young Matildas squad for upcoming training camp

CommBank Young Matildas Head Coach Alex Epakis has settled on a 32-player squad for a domestic training camp to be held in Sydney.

You May Also Like

Raelene Polymiadis charged over alleged murder of elderly parents in South Australia

Raelene Polymiadis has been charged over the alleged murder of her elderly parents one year apart in South Australia.

Emotional victory for Thanasi Kokkinakis as he prepares to face Tsitsipas in second round

Thanasi Kokkinakis couldn't help but break into tears after beating Kwon Soon-woo 6-4 6-1 6-1, claiming his first Australian Open win since 2015.

Lachlan Ilias and Katrina Ikonomou named on Sydney’s Inner West most influential list

Lachlan Ilias and Katrina Ikonomou have been named among Sydney inner west's 30 most influential people 30 and under for 2022.