Qatari emir to turn Greek island into luxury resort

Uninhabited Oxia in Ionian Sea

13 May, 18:43

    The Greek island of Oxia in the Ionian Sea The Greek island of Oxia in the Ionian Sea

    (ANSAmed) - ATHENS - Qatari emir Sheikh Hamad bin Khalifa Al-Thani plans to transform the uninhabited Greek island Oxia into a huge luxury resort.

    Al-Thani bought the Ionian Sea island for 5.6 million euros last year from the Greek-Australian family Stamoulis. The investment, according to the specialized site GTP, is expected to be around 250-300 million euros. The island is part of the Echinades group and covers a surface area of about 500 hectares (half the size of the Italian island Capri) and is 38 km away for the island of Ithaca, immortalized in Homer's 'Odyssey'. Part of Oxia is under the protection of the environmental organization Natura 2000, but the rest can be developed for commercial purposes with the building of ports, marinas, beaches, and hotels.

    Al-Thani's Oxia Art Island project is expected to provide 700 jobs during the construction phase and another 200-250 during the operation of the island to workers from surrounding areas and from Ithaca and Kefalonia.

    The works are expected to be carried out for the most part on the southwestern side of the island between the coast and a hill. The project, designed by the Greek architectural firm Stelios Agiostratitis & Associates, calls for several sections with villages containing different types of architecture and with accommodation and recreational facilities, cultural sites and a coastal area with small ports and landing areas. A five-star hotel, a boutique hotel, two tourist resorts, a series of bungalows on the beach, bars, restaurants, cafes, a shopping area, sports facilities and a heliport are planned. The Oxia Art Island complex is expected to be open for business within the next two-three years.(ANSAmed).

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