The redevelopment of Hellinikon, with a budget of 8 billion euros, is the largest private investment in the history of Greece and is expected to be one of the main pillars of the country’s development. This project, which includes the creation of a modern urban center, is expected to bring revolutionary changes to the Greek economy, businesses and exports, strengthening the country’s competitiveness on the global map.
Project progress and strategic importance
The progress of the projects in the Hellinikon area is already visible. After a series of delays and legal disputes, the project is now taking shape. The redevelopment includes shopping centers, offices, ultra-luxury residences and recreational areas. The first projects that are in the completion phase include the creation of the first buildings, such as the 11,500 sq m. AMEA, and the undergrounding of Poseidonos Avenue. The construction of Riviera Tower, the first “green” seaside skyscraper in Greece, is expected to elevate the Hellinikon area into one of the most modern and popular parts of Athens, with an international reach.
The completion of these projects is expected to bring about a drastic change in the landscape, reinforcing the image of Greece as an emerging center of entrepreneurship and innovation. The combined use of the space for residence, work, commercial activities and recreation enhances the prospects of the area and offers new possibilities for the future.
Impact on Entrepreneurship
The completion of the project and the creation of the modern urban center in the Hellinikon area is expected to strengthen entrepreneurship in Greece in the following ways:
Creation of new business opportunities: The development of commercial and office spaces offers new opportunities for Greek and international businesses to operate in the area. Companies in the technology, finance, retail and tourism services sectors are expected to invest in this new area, creating new jobs and development opportunities.
Tourism and leisure development: The creation of a modern waterfront, with luxury hotels, shopping centers and leisure areas, is expected to attract high-income tourists from all over the world. The attractiveness of the area will highlight Athens as a global destination for leisure and entertainment.
Strengthening the technology sector and innovation: The new urban center will attract high-tech companies and startups, strengthening innovation in Greece. The creation of appropriate infrastructure and the promotion of collaborations between businesses and research centers will strengthen the country’s competitiveness in the technology sector.
The redevelopment of Hellinikon is expected to highlight Greece as a center of business innovation, offering new opportunities to enhance the competitiveness of Greek businesses. By developing new infrastructure and creating a modern business environment, the country will greatly enhance its export activity, highlighting it as a strategic hub for Southern Europe.
