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.




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


Latest News

Almost one month later, Melbourne celebrates Greek National Day with parade

By Mary Sinanidis Thousands of Greek Australians gathered at South Melbourne FC's Lakeside Stadium in Albert Park on Sunday, April 14, for the annual parade...

Honouring Greek Parliamentarians at Melbourne Community’s vibrant gathering

By Mary Sinanidis Greek Community of Melbourne (GCM) President Bill Papastergiadis detailed the last-minute efforts undertaken to organise a reception for a whirlwind visit of...

Kalymnian Brotherhood of Darwin in turmoil over caretaker dispute

The Kalymnian Brotherhood of Darwin is in turmoil due to legal disputes between its caretakers and president. The matters have been taken to the Darwin...

Federal Minister calls for life ban on carer Anastasia Moutsos after sickening video of assault

In a recent investigation by 60 Minutes, three women were found to have bullied and assaulted a woman with cerebral palsy, Lee-Anne Mackey. The footage revealed...

Construction begins on new waterfront Pier Pavilion at Barangaroo

Construction has now commenced for the new and iconic Pier Pavilion at Watermans Cove in Barangaroo. The design was chosen based on a national competition...

You May Also Like

Despina Tanner’s love for Kastellorizo sees her leave Perth to become a full-time local islander

Despina Tanner has always had a strong passion and connection to her Kastellorizian culture while growing up in Perth, Western Australia. Her father, John Kannis,...

Best Christmas books to read this holiday season

By Victoria Loutas With Christmas just around the corner, The Greek Herald has compiled a list of our favourite Christmas books to keep you entertained...

NSW Government partners with 15 councils to host major cultural events and festivals

The state’s events calendar just got bigger thanks to the NSW Government investing $8 million into 21 major cultural festivals and events run by...