One step closer to implementation is the course of five private investment projects that have been included in the process of “Acceleration and transparency of the implementation of Strategic Investments” at Enterprise Greece.

According to what is stated on the website of the Enterprise Greecethe following investments are in the stage of the process for their characterization as strategies and in the process of consultation:

– “LEADER Phase 1: Development of an integrated production line for bauxite, gallium and alumina (critical raw materials)” of the company “METLEN ENERGY & METALS SA”.

The proposed investment plan concerns the development of an integrated production line for bauxite, gallium and alumina (critical raw materials) in the company’s existing industrial unit in Agios Nikolaos Boeotia (Central Greece Region – EL64).

The company’s investment file was submitted to the company Enterprise Greece with the no. 14600/02-08-2024 application.

The investment plan aims to achieve a total annual production capacity of 1,250,000 tons of alumina (expansion by 350,000 tons), 40 tons of gallium and ~1 million tons of bauxite.

The investment has a total budget of 295.2 million euros and includes the following sections:

* Development of a new bauxite research and mining line,

* New building facilities and mechanical equipment for the development of the gallium production line,

* New building facilities and mechanical equipment for the expansion and modernization of the alumina production capacity,

* Energy supply projects of the industrial unit,

* Expansion and upgrade of the port,

* Other road infrastructure and anti-flood works

The investment entity requests the inclusion of the project in the provisions of Law 4864/2021 as a Strategic Investment in the category “Iconic Investments of Exceptional Importance” and Strategic Investment 1(ab) and cumulatively requests the incentives of articles 3,4,5,6,7 ,8,9 and 10 of Law 4864/2021. The calculation of the aid in the form of a grant based on Article 10, paragraph 3 of Law 4864/2021 for “Flagship Investments of Exceptional Importance” will be based on the conditions and limits referred to in article 2.8 of the program “Temporary crisis and transition framework on taking state aid measures to support the economy following Russia’s attack on Ukraine” (Temporary Crisis and Transition Framework – TCTF 2023/C 101/03).

As mentioned, with the expansion of the existing industrial unit, Greece will significantly improve its trade balance through an increase in exports and a decrease in imports, since the entire production of the unit will be exported mainly to countries in Europe, North Africa and Middle East, while gallium imports will be fully substituted. The investment project “Development of an integrated production line of bauxite, gallium and alumina (critical raw materials)” is a pioneering innovative investment aimed at the development of the first integrated production line of three critical and strategic raw materials (CRMs) in the EU, i.e. bauxite, gallium and alumina, through the introduction of innovative and environmentally friendly technologies that reduce the carbon footprint of the plant, while providing the EU with all three critical raw materials from domestic resources without dependence on third countries.

– “Establishment of an Ultra Luxury Complex Tourist Accommodation / Tourist Village” of the company “HYDRA ROCK AKINITA MONOPROSOPI SA”

The proposed investment plan concerns the implementation of a modern and sustainable resort, consisting of a complex tourist accommodation and a residential complex (tourist village) on an area of ​​which 1714.17 acres belong to the Municipality of Poros, in the Regional Unit of Islands of the Region of Attica , while the remaining 40 acres are located, at a distance of 700 meters, in the Metochi area of ​​the Ermionida Municipality in the Peloponnese Regional Unit.

The investment file was submitted to Enterprise Greece with no. 14300/29-07-2024 application.

The investment entity requests the inclusion of the project, with a budget of 475 million euros, in the provisions of Law 4864/2021 as a Strategic Investment in the category “Strategic Investments 1”, (according to article 2, par.1 point aa), the receipt of the zoning incentive of article 7 of Law 4864/2021 regarding the preparation of a Special Plan for the Spatial Development of Strategic Investments (E.S.H.A.S.E.), as well as the receipt of the rapid licensing incentive of article 9 of Law 4864/2021.

As noted, with the basic principles of planning and implementation of sustainable development, energy conservation, bioclimatic architecture and the circular economy, the investment proposal concerns the creation of a resort which will offer quality tourism services of high added value, contributing to the upgrading of the Greek tourist product, while stimulating employment and the economy of the wider region.

– Establishment of a new plant for the metallurgical processing of enriched chromite of the company ELLIMET HELLENIC METALLIA SA.

The project under study concerns the construction and operation of a modern metallurgical processing unit of enriched chromite deposits for the production of ferrochrome metallurgical products. The investment will be implemented in Halvades, D.D. Drepano, of the Municipality of Kozani, of the Regional Unit of Kozani of the Region of Western Macedonia and the installation of the new unit aims to utilize the chromite reserve potential of the area of ​​Mt. Vourinos. The entity of the investment is the company “ELLIMET HELLENIC METALLIA S.A.” whose main activities are the exploitation of mines, the extraction of ores and their processing.

The investment file for the project was submitted to Enterprise Greece with the no. 14700/09-08-2024 application.

The investment body requests inclusion of the investment plan in the provisions of Law 4864/2021 as a “Flagship Investment of Exceptional Importance” based on article 2 paragraph (1c), emphasizing the investment’s contribution to strengthening the Greek economy and its competitiveness at an international level. With the designation of the investment as a “Symbolic Investment of Exceptional Importance”, it is requested to receive (i) the incentive of supporting expenses in the form of a grant in the form of a grant in Article 10 par. (3a) and (ii) the incentive of rapid licensing in Article 9 of N .4864/2021.

The project is expected to create 138 new E.M.E. (Annual Work Units).

Expires October 31st

– “Construction and Operation of a Luxury Tourist Unit in Filiatro Ithaca” by the company “ATOKOS LIMITED LIABILITY COMPANY”.

The company’s investment file was submitted to Enterprise Greece with application No. 14000/16-07-2024 and the consultation is ongoing and will be completed on October 31, 2024.

The proposed investment project “Construction and Operation of a Luxury Tourist Unit in Filiatro Ithaca” under the name “Epic_O”, concerns the development of hotel accommodation, luxury residences, business activities and a tourist port on an area of ​​326,833.59m2, within a wider private plot of a total area of ​​873,647 ,17 m2, in the area of ​​Filiatro Ithaki. “Its goal, as stated, is the combination of high-standard tourist development with the protection of the ecosystem of the wider region, and the promotion of the historical and cultural identity of Ithaca.”

The investment body requested the inclusion of the project in the provisions of Law 4864/2021 as a Strategic Investment in the “Strategic Investments 1” category, in accordance with article 2, par.1 point aa, the receipt of siting incentives (article 7) and rapid licensing (article 9) as well as the granting of the right to use the seashore and beach (article 5) of Law 4864/2021.

The total amount of the proposed investment is budgeted at 85.45 million euros.

Finally, the consultation on the proposed investment project, entitled “Expansion of Capacity and fundamental change of the production process of an existing production unit of metal constructions and road safety systems”, of the company “Fracasso Hellas MAE” (INTRAKAT Group) was completed yesterday.

It concerns the increase of capacity and the modernization of the production process of metal products at the existing factory of the company, at the location “Eikosioktaria” in the Giannouli area of ​​Larisa, at the 5th km of the Larisa-Tyrnavou road.

The investment file of the company “Fracasso Hellas MAE” was submitted to the company Enterprise Greece with the no. 15000/03-10-2024 application.

The sole shareholder of “Fracasso Hellas MAE” is the INTRAKAT Group. The investment entity requests the inclusion of the project in the provisions of Law 4864/2021 as a Strategic Investment, in the category “Iconic Investments of Exceptional Importance”, (article 2 point 1.c), and receiving the incentive to support strategic investment costs (article 10, par. 3a) of Law 4864/2021.

As stated, the impact of the investment, both regionally and nationally, will be significant, both for the local community and for the competitiveness of the country as a whole. The ever-increasing demand for metal structures, in sectors such as building and infrastructure construction, road safety systems and renewable energy sources, is a significant opportunity for the investor. With this investment, the increased production capacity of the company will cover part of the market demand.

Finally, the company can cover the needs of the domestic market and capture an increased share both in markets in which the company already has export activity and in new markets, as the increased demand creates fertile ground for entering them.