Bahas Gramatidis & Partners has advised the Hellenic Republic Asset Development Fund on the launch of a Greek Ministry of Development & Investment project titled New Industrial Parks.
According to Bahas Gramatidis & Partners, “the project concerns the provision of financial assistance and budget support by the Recovery and Resilience Fund for the establishment of new facilities for next-generation industrial parks; the expansion of existing industrial parks to meet the needs for adaptation to the modern Industry 4.0 strategy; the transformation of high industrial concentration areas into technologically smart, environmentally sustainable, and innovative industrial parks.”
According to the firm, “the program is also designed to support the promotion of the Industry 4.0 transformation initiative in Greece and improve the competitiveness of Greek industry. Furthermore, the program is expected to positively impact the achievement of the European Union’s climate and environment [goals] and strengthen the circular economy. The project is implemented through the National Recovery and Sustainability Plan Greece 2.0 framework with European Union funding – NextGenerationEU.”
"The program’s total public expenditure is EUR 100 million ... with an equal amount expected to be paid by the private sector. The program’s implementation will be completed by the end of 2025," the firm announced.
The Bahas Gramatidis & Partners team was led by Partner Yanos Gramatidis.
