Greece is welcoming fresh investment in its logistics sector − this month greenlighting a quarter of a million euro project – and climbing international rankings as the country emerges as a critical hub to the wider region.
Improving infrastructure, such as the construction of new highways and the privatization of its ports, has boosted Greece’s prospects.
According to the latest World Bank’s Logistics Performance Index released last month, Greece ranked in the Top 20 nations in the world in terms of its logistics infrastructure − a jump for more than 30 places over the last decade − with as many as one fifth of foreign investors expressing an interest in investing in the sector.
Over the next few years, a number of emblematic projects are expected to further transform the sector. They include the giant Thriassio freight village being developed west of Athens, as well as a €160 million logistics center to be built by Greek developer Dimand close to Thessaloniki.
In early May, Greece’s Inter-ministerial Committee on Strategic Investments approved a €244 million investment from U.S. private equity fund HIG Capital, via its Streem Development subsidiary, to build one of Europe’s largest distribution centers in Aspropyrgos, west of Athens.
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