Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Arab fund to buy resort in Greece  Join our daily free Newsletter

MENAFN - 18/02/2014

No. of Ratings : 0
Add to Mixx!


 


(MENAFN) An Arab fund which includes investors from the UAE, Kuwait and Saudi Arabia 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 Vouliagmeni.

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.

 






  MENA News Headlines


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help