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MENAFN - 18/02/2014
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(MENAFN) An Arab fund which includes investors from the UAE, #Kuwait and #SaudiArabia has purchased a luxury resort on Greek island Corfu for USD550 million, Arabian Business reported



Hellenic Republic Asset Development Fund announced that Jermyn Street Real Estate Fund has been chosen to take a majority stake in Astir Palace Vouliagmei




The sale had been approved from the Court of Auditors and a presidential decree supporting development at the country's most popular tourist islands



The first industry to recover from the recession in #Greece was tourism as the country expects the number of visitors and tourist revenues this year to log a record

 
 


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