Prime Minister Kyriakos Mitsotakis: Greece attracts foreign capital

At a gathering on Friday to mark the privatization of the Igoumenitsa port, Greek Prime Minister Kyriakos Mitsotakis emphasized the significance of foreign investments for Greece.

At the ceremony for the transfer of the majority package of shares (67%) of the Igoumenitsa Port Organization to a joint venture led by the Italian Grimaldi group, Mitsotakis said, "Today is a very important day not only for Igoumenitsa but for the entire Epirus region, which is really embarking on a journey into a new era from its largest port."

"The transfer of the port of Igoumenitsa's management to a sizable shipping behemoth such as the Grimaldi group means further expansion for both the national and local economies. It is a significant investment that will generate more than 84 million euros in revenue for the Hellenic Republic Asset Development Fund (TAIPED). A financial commitment that will spur the creation of more jobs and improve living conditions throughout Western Greece, the prime minister declared.

Igoumenitsa, the country's third-largest port, serves as a crucial entry point, a crucial link in the supply chain, and essentially the western entrance to Europe for the nation. A hub connecting the Ionian and Adriatic with the entire southern Mediterranean, as well as a bridge for people and cargo traveling to and from Italy, he said. We are discussing a significant international port that is being upgraded and will significantly improve many facets of the economic and social landscape.

Additionally, he emphasized that the Grimaldi group is also interested in the port of Iraklio on the island of Crete, and the appropriate sales contract will be signed soon.

He also emphasized that Emmanuel Grimaldi, president and chief executive officer of the Grimaldi group, promised to bring decarbonization technology to the port of Igoumenitsa so that it can serve as an example of the green transition.

Public-private partnerships have helped Greece advance greatly, stressed Mitsotakis. The prime minister concluded his welcome remarks at the ceremony by stating that "Greece is becoming a magnet for capital from outside its borders."