Arab Investors Show Interest in Greek Real Estate Sector

December 11, 2020

ATHENS — Greece and Arab states enjoy traditionally very close economic relations with Greece offering significant investment opportunities in crucial sectors of the economy, while several Greek companies plan their expansion in the Arab world and mostly in the United Arab Emirates, George Kormas, senior managing director, head of Real Estate Group in Piraeus Bank Group and CEO in Piraeus Real Estate, said addressing an Arab-Greek Economic Forum.

"A mutual relation of economic confidence is reflected in the real estate sector with the clear preference showed by Arab investors in Greece, even during the period of the economic crisis," Kormas noted, adding that the Greek real estate market recorded a remarkable growth in 2019 and in the first two months of 2020, evidence that a recovery of the sector was not a temporary phenomenon. He said that the Greek real estate market continued to be a safe investment choice.


ATHENS - The Greek-Russian trade balance remained in the red in March showing a deficit of 527.

Top Stories

General News

FALMOUTH, MA – The police in Falmouth have identified the victim in an accident involving a car plunging into the ocean on February 20, NBC10 Boston reported.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.

General News

PHILADELPHIA – The Federation of Hellenic Societies of Philadelphia and Greater Delaware Valley announced that the Evzones, the Presidential Guard of Greece will be participating in the Philadelphia Greek Independence Day Parade on March 20.


Mitsotakis Meets with Biden at the White House (Video)

WASHINGTON, DC – Greek Prime Minister Kyriakos Mitsotakis met with US President Joe Biden at the White House on Monday, in the first day of an official two-day visit to the American capital.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. abc@xyz.com

You may unsubscribe at any time using the link in our newsletter.