The privatization and development of the former airport site in Elliniko is expected to create an estimated 70,000 jobs by 2031, according to an updated study conducted by the Foundation for Economic and Industrial Research (IOVE).
Additionally, the IOVE’s updated study suggests that the development at the former airport site will contribute towards a 2% increase of the GDP. Investments will continue to increase, with IOVE predicting that consumption will also grow stronger.
AS a result, imports and exports will follow suit, which in turn will encourage foreign investors to consider Greece as a safe and reliable source of direct investments.
The study notes that the completion of the Elliniko development’s privatization process will effectively save about 16,000 jobs, as the government will not have to take further measures to cover the cost.
