Greece's Ministry of Environment has approved a project to build three new large cruise ship berths at the Port of Piraeus. In 2011, the Greek government began planning to transform the Port of Piraeus near Athens into a "Cruise Hub" for the Eastern Mediterranean to promote the development of Greece's tourism industry.
In addition to the three new cruise berths, the "Cruise Hub" plan also includes a passenger reception center and parking facilities, with plans to add three more berths in the future to accommodate six large cruise ships over 300 meters in length simultaneously. The Athens tram line will also be extended to the port as a result.
This move is expected to provide a significant boost to the Greek tourism industry, thereby driving the recovery of the entire Greek economy. For those interested in obtaining Greek residency through real estate investment, the construction of the "Cruise Hub" is undoubtedly positive news. An improvement in the Greek economy means that returns on real estate investment are worth anticipating.
Source: Economic and Commercial Counselor's Office in Greece