Region of  Western Greece ‐ Investment Profile

January 2012

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ContentsContents

1. Profile of the Region of Western Greece

2. Western Greece’s competitive advantages

3. Investment opportunities

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1. Profile of the Region of Western Greece

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Region of Western Greece : Quick factsRegion of Western Greece : Quick facts

Investment incentives quick facts

Operational Program‘ Western Greece 2007‐ 2013 ‘:€ 1,315 b

New Investment law: Subsidies of up to 50%  for business plans.

Jessica Holding Fund: €15m• Western Greece is one of the thirteen regions of Greece. It 

comprises the western part of continental Greece and the 

northwestern part of the Peloponnese.

• Main economic activities include agriculture and tourism• Main economic activities include agriculture and tourism 

services.

• As in many other Regions of Greece, production of wine and olive 

oil is significant.  Dairy products are also important to the local 

Demographics  and Workforce quick facts

Population: 621,000

GDP per Capita: 68.4% of the EU averageeconomy as well as fish farming, unique to the area and a 

traditional source of income.

• Western Greece is quickly becoming one of the top  tourism 

destinations in Greece The emergence of new hotel units and

Contribution to Greek GDP: 5.12% (2008)

Total workforce: 316,000

Unemployment rate: 16,1%

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destinations in Greece. The emergence of new hotel units and 

new investments in the area have strengthened the local 

economy and are currently changing the overall profile of 

economic activity. 

Unemployment rate: 16,1%

Source: economics.gr, statistics.gr

2. Western Greece ’s competitive advantages

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Western Greece has a breathtaking geography to offer

•The Region of Western Greece is privileged in terms of thenatural environment. The region accommodates many, various andsignificantly sensitive ecosystems. It is characteristic, that from theeleven wetlands of international importance that exist in Greece and whophave also joined in the Ramsar agreement , the three are located inWestern Greece Region.These are:

‐Lagoon of Messologi‐Amvrakikos Gulf‐Lake Kotychi

Furthermore the Region is characterized by the existence ofprotected aesthetic forests and monuments, and vital places of greatnatural beauty.

• The total area of the Region is 11.350 km2 and covers 8.6% of the totalarea of the country. The largest percentage of the land is mountainous (45.3%)and hilly (25.6%), while only 29.1% is flat. The Western Greece has also, anextensive coastline and its total area is bordering with the Ionian Sea andthe Gulf of Amvrakikos, Patras and Corinth.

•The geomorphology of Western Greece has great diversity. It includesmountains with a very high altitude (Aroania 2.335m, Erymanthos2.222m, Panachaiko 1.926m), large natural lakes (Trichonida 95,8km2, which isthe largest of the country, Amvrakia 14,4km2, Lysimachia 13m2, Kaiafa etc.)d i (A h l 220 k hi h i th d i i l th f

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and rivers (Acheloos 220 km, which is the second river in length ofGreece, Peneus, Alpheus, Evinos, Selinountas, Vouraikos, Peiros and Glaucus).

The Region of Western Greece boasts significant performance indicators

IndicatorWesternGreece Greece

Key performance indicators

2001 2002 2003 2004 2005 2006 2007 2008 2009Total

Welfare indicators

Indicator Greece Greece

Population (000s)** 621,9 9.337,6

GPD per capita *€14.4(000s)

€21.3(000s)

2001 2002 2003 2004 2005 2006 2007 2008 2009Greece

GDP (€ m) 6.642 7.026 7.735 7.992 8.485 9.140 9.850 10.351 n/a 237.494

% Agriculture 16.3% 15.1% 13.7% 12.9% 12.5% 10.0% 10,4% 9.6% n/a 3.8%

% Industry 22.9% 20,8% 21.0% 21.3% 20.8% 22.8% 20.5% 22.3% n/a 16.3%

Income per capita *€15.4(000s)

€16.7(000s)

Savings per capita€10.7 (000s)

€18.8(000s)

% Services 60.7% 64.1% 65.3% 65,9% 66.7% 67.1% 69.1% 68.1% n/a 79.9%

New houses built 7104 8945 7619 7827 12395 6699 6265 4807 4571 61,490

Savings (€m) n/a 3,556 3,912 4,340 5,202 5,704 6,455 7,529 7,959 211.469

Population growth per 1,000 inhabitants* 

‐0,2 0.9

Primary school students per 1,000 inhabitants

55 56

Cars (000s) 119 125 131 138 159 166 175 183 186 5,132.0

Powerconsumption (MWh)

2.101.860 2.204.478 2.352.057 2.422.284 2.409.610 2.579.036 2.650.789 2.742.879 n/a55.902.000

5* hotels 1 1 1 1 1 2 2 52 3 280

Unemployment rate** 16,1% 16,3%Source: economics.gr, ΟΑΕΔ ; * Indicated data refer to 2008, otherwise to 2009**Q2 2011 

5* hotels 1 1 1 1 1 2 2 52 3 280

4* hotels 14 14 17 20 23 25 25 29 30 1,164

Source: economics.gr 

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Western Greece attracts significant domestic as well as foreign investment

Greek vs Foreign Investments per region (2004‐2010)

1200

1400

800

1000

1200(m

illion)

200

400

600

Euros (

0

Region

Foreign Greek

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Source: Invest in Greece Agency

Western Greece offers an ideal environment forWestern Greece offers an ideal environment for investment…. 

Western Greece boasts an number of attractive features such as:

1 S i l i li ki h P l i h h i l d• Under the new Investment Incentives Law*, Western Greece 

Western Greece’s advantages ..are enhanced by investment incentives

1. Strategic location linking the Peloponnese with the mainland

Greece and Epirus. It is regarded as the western gateway to the

Adriatic Sea and Western Europe

2. The organized industrial area (VI.PE of Patras) and the industrial

enjoys attractive investment incentives varying from 40% to 50% 

of the total investment cost, according to the area and the size of 

the company

Th L f ti t i blg ( )

park Glaukou of Patras (VIO.PA) are providing opportunities for

further development of manufacturing activities

3. Great existing infrastructure (New Port of Patras, Commercial

• The new Law focuses on supporting sustainable 

investment projects with efficient tax breaks, favorable 

loans and state aids in selected business activities

port Platygiali Astakos, PATHE, Rio‐ Antirio Bridge)

provides direct access to markets both domestic and overseas

4. Operation of Research Institutes with International Range

5 Rich Aquatic Resources5. Rich Aquatic Resources

6. Tourism and Cultural resources (the famous Ancient Olympia, the

Ancient Elis, the host city of Olympic Games etc)

7. Environmental resources that are protected by international

8* Please refer to the full text of the new Law 3908/2011 for detailed and analytical information

conventions (NATURA, RAMSAR).

8. Opportunity for further development of Wind & Hydro Energy ….with improving infrastructure

Large Infrastructure projects througha Strong Development Program (P.EP. 2007‐2013) 

Upgrade of the Road Killini ‐ National Route of Patras –Pyrgos.  Budget : 7.8 million €Katakolo Port

Ongoing Development Projectsin the Region of Western Greece

Katakolo PortThe overall project aims to the development and exploitation of  the tourist port Katakolo Ileias, which is the largest cruise destination in Greece and also is associated with the famous tourist destination of Ancient OlympiaAncient Olympia.Paraionia Highway This project involves the construction of a new road and tunnel in the Etoloakarnania prefectureOngoing project with budget: 7.2 million €Construction of a new Road to the

Major Development Activities in 2011

110 New Projects included in the NSRF, with total budget 170 Construction of a new Road to the landfill Stratou, Etoloakarnania prefecture  Budget : 11.3million €Completion of the Construction of the ”General Hospital Agriniou “, Budget : 46 million €Development of the General Hospital of Patras "Agios

j , gmillion €19 million €, through the Investment Law for the  subsidy of new investments in tourism, manufacturing and service sectorsNumerous of large and small infrastructure projects are Development of the General Hospital of Patras Agios

Andreas", Budget :  22.5 million €. under implementation or tendering process (e.g. New Port of Aigion)Activation of the Urban Renewal Scheme, with total budget 35 million €Approval of 15 million € for the sustainable development of 

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the Region through “Jessica Program”

Source: Western Greece Region

3. Investment opportunities

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Reasons to Invest in Western GreeceReasons to Invest in Western Greece 

1. Located in a key strategic position at the center of Greece. Tourism

2. It has highly trained, hard working and multilingual labor.

3. Investments and entrepreneurship is linked and aided withscientific research and technological development with thesupport of the local academic and research institutions.

Renewable Energy Sources

pp

4. It offers a plethora of advanced business services to investors(banking, financial, legal, accounting, technical, advisory etc).

5 A pioneer in modern telecommunications infrastructure very

ICT and Life Sciences

5. A pioneer in modern telecommunications infrastructure, veryimportant social infrastructure, such as those in health care, andcontinuously improving basic and transport infrastructure.

6. It is a center of international interest in the energy sector,i i i l i h h i d d l

Food & Beverage

given its strategic location, the huge wind and solar resources,as well as possession of local experience and expertise. Thisinterest is expected to grow and expand in the coming years.

7. The consistent and unwavering support of the localWaste management

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Authorities of the Region, as well as the hospitable andbusiness ‐ friendly people of the island.

Tourism 

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Tourism sector in Western Greece:What and Why?

• Western Greece is served by 2 airports (Araxos and Aktio) L l it d i ti b h

Tourism infrastructure Unique competitive advantages

• Western Greece is served by 2 airports (Araxos and Aktio) and there are also plans for the development of Andravida airport.

• Western Greece is also served by 6 Ports : illi i k l fil hi i l hi

•Long unexploited pristine beaches.

•A Region of unspoilt natural beauty: 11 Ramsar areas and protected areas like Mesolonghi lagoon, Amvrakikos Bay, Kotichi Bay, Echinades Islands complex.

f d d llPatras, Killini, Katakolo, Amfilochia, Egio, Messolonghi. There is also an Industrial Port Zone at Astakos, Etoloakarnania.

• Ski center in Kalavrita.

•Existing infrastructure and undergoing projects will improve accessibility: Rio‐Antirrio bridge, two airports, new highways connecting the Region with Athens, Epirus, the rest of Peloponnese. Existing road network exceeds 895km

•Patras Port: The main (western) entrance of Greece to Europe

• According to the Hellenic Chamber of Hotels in 2010 in Western Greece there were 278 Hotels with almost 10,000 rooms and 19,556 beds. 2,972 of these beds belonged to 5* classification

•Patras Port: The main (western) entrance of Greece to Europe. The port can accommodate cargo vessels of up to 25,000 tons and passenger ships up to 16,000 tons and a length of 220m. Its facilities also include the marina of Patras with 450 berths. The NEW Southern Passenger Port of Patras has jagged wharfs of 

5  classification. 

• Greece holds in 2011 the 3rd place among 45 countries and regions across Europe, South Africa, Morocco, Tunisia, New Zealand, Brazil, Canada and the Caribbean, in the European Bl Fl P ith 379 b h d 9 i

992m and consists of 15 docks.

•Unique archaeological sites and historic places of great importance: Olympia: The birthplace of the Olympic Games, Mesollonghi: The sacred town of the Greek War for Independence

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Blue Flag Program with 379 beaches and 9 marinas

• 10 Blue Flag beaches are located in Western Greece

Independence.

•Pubic and private Investments implemented and in the pipeline highly upgrade the mix of the tourism product in the region

This is THE place to exploreThis is THE place to explore

Museums•The Archaeological Museum of Ancient Olympia

Indicative places of cultural importance

•The Archaeological Museum, the Press Museum and the new Museum of Patras •The Museum and the Art Gallery Trikoupi, at Messolonghi•The Archaeological Museum and Papastratio Public Library at Agrinio•The Archaeological Museum in Egio and the Museum of Folk Art in Klitoria•The Archaeological Museum in Egio and the Museum of Folk Art in Klitoria

Archaeological sites and monuments of the Region include:

Sites: Thermo Trichonis, Stratou Agrinio, Plevrona Messolongi, Ancient , g , g ,Olympia, Elis, Fygaleia Ilia.Medieval and Byzantine Castles: Nafpaktos, Vonitsa, Angelokastro, AntirionEtoloakarnania, Rio and Patras in Achaia and in Ilia: Chlemoutsi and Kyllini.Places of Historical Importance:Messolonghi Memorial, Agia LavraMonastery.Castle of Kyllini and Ancient Elis, the city hosting the Olympic Games.Ancient Fygaleia. The Temple of Epicurean Apollo is the first nearly complete preserved temple in which are represented for the first time all three architectural

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temple in which are represented for the first time all three architectural styles of antiquity: Ionic, Doric and Corinthian.

Tourism in Western Greece: Facts and figuresf g

According to the Hellenic Chamber of Hotels in 2010 in Western Greece there were 278 Hotels with almost 10,000 rooms and 19,556 beds. 2,972 of these beds belonged to 5* classification 4 140 beds to 4* classification 5 440 to 3*5* classification, 4,140 beds to 4* classification, 5,440 to 3*classification and 5,980 to 2* classification. 

There are also in the Region 28 privately run camping sites.

In 2010 the Archaeological site of Ancient Olympia received 399,891 visitors, while the Olympia y pArchaeological Museum was visited by 45,953 visitors.

Aktio airport received c. 150,000 international passengers in 2011passengers in 2011.

Patras port statistics (2010): 1,304,817passengers, 239,951 trucks, 220,450 vehicles

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Katakolo port received 429 cruise boats in 2011, a 20% increase compared with 2010, and 820,000 passengers.

Major tourism attractions

Achaia IliaEtoloakarnania

Kalavrita ski resortWinelands of AchaiaRio CasinoTh “ki ” f i l

Olympia Archaeological Site Ancient IlidaTemple of Aphrodite

EtoloakarnaniaCyclopes CaveThe Great Kleisoura

GorgeThe “king” of carnivals 

in Greece The Archaeological 

Museum of Patras

Temple of AphroditeTemple of Epicurean 

ApolloAncient stadium of 

Lakes reflecting beauty, VoulkaniaLake, Trichonis LakeLagoon of Messolonghi

Voraikos GorgeMonastery of Agia LavraThe Wall of Dymaeans ‐

P hi t i li

Olympia, Temple of Zeus at Olympia5 MuseumsKaiafas Thermal Spa

Lagoon of MessolonghiByzantine CastlesMonasteries

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Prehistoric acropolis  Kaiafas Thermal SpaLagoon of KotychiStrofilia Forest

Various tourism segments make up an investment opportunity in the region

Cruises and Sea tourism Cultural and religious tourismEco Tourism

Integrated Resorts Development of existing state & private assetsIntegrated Resorts Development of existing state & private assets 

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Tourism:Investment Opportunities

Investment opportunities in Tourism sector emerge from....

The construction of the Race Track in Chalandritsa

Cultural and religious tourism exploiting the excellent 

The development of Thermal

Importanttourism 

potential of the region

The existence of environmentally 

protected areas caves

of Thermal Spas in Kaiafaand Killini

Cruise subsector around Patra and 

investments in Ilia to upgrade the tourism 

product of the Region

protected areas, caves, gorges to develop 

special forms of tourismKatakolo Port which is the 

busiest cruise port in Greece

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Tourism:Investment Opportunities

Investment opportunities in Tourism sector emerge from....

There are no 5* Hotels in the Prefectures of Achaia and 

Et l k i

The gap in conference

Etoloakarnania

Development of Public l

conference centers to host big scientific 

events

Tourist Real Estate Assets in the pipeline: Rio‐Antirrio, Kaiafa

thermal spa

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Indicative Investment Projectsj

Invest in Greece Agency maintains a portfolio of investment projects in all business sectors and Regions of Greece.

As far as Tourism in Western Greece is concerned the portfolio of Invest in pGreece includes:

L d l t th t ld b d f t i d l tLand plots that could be used for tourism development

Mixed use tourism projects under development

Tourism facilities for sale or looking for co investors

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Land plot next to the Rio‐Antirrio bridgeRegion: Western Greece/Etoloakarnania

Project Introduction: The project aims at the development of around 60,000 sq.m. of new buildings on the available land plot of 223,000 sq m. The development plan included: a 600 bed five star hotel, a conference and exhibition center, a marina, a maritime industry center etc The land plot used to be the construction site of the Rio‐Antirrioetc. The land plot used to be the construction site of the Rio‐Antirrio Bridge that has started operation in 2004.

Project owner: Hellenic  Public Real Estate CorporationMode of cooperation: Concession through Public Tender/PPP

Area descriptionThe land plot is located in Antirrio next to the Rio‐Antirrio Photo

Tender/PPP

The land plot is located in Antirrio next to the Rio Antirriobridge and was used as its construction site during the construction period. It is just 210 km from Athens, 40 km from Mesollogi, which is the capital of Etoloakarnania, 5 km from Rio University Hospital, 10 km from Patra 3th largest city of Greece and one of the biggest ports of the 

Photo

a gest c ty o G eece a d o e o t e b ggest po ts o t ecountry, 160 km from Aktio airport, and 53 Km from Araxos airport, 90 km from the Astakos port and 125 km from Olympia, the original site of the ancient Olympic Games. The National Airports at Araxos and Aktio host scheduled and charter flights during the summer season. 

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g gAdditionally, the Athens International Airport is a 2,5 hour trip from the land plot.

Indicative private investment opportunitiesIndicative private investment opportunities

Upscale tourism development next to OlympiaThe project entails the development of a mixed use tourist complex, 

comprising of two upscale Hotels and numerous luxury villas. The project will be developed by one of the most prominent Greek hotel chains on three already owned  

land plots in Ilia Prefecture, next to the world famous Ancient Olympia site. 

Land for tourism development in Peloponnese (Killini)Land plot of 309,750sq.m. with a beachfront of 1,200 m. It is located 65 km away from Patra and 60 km away from Olympia The property could be developed for tourismPatra and 60 km away from Olympia. The property could be developed for tourism 

purposes, as 155,601. sq.m. of the whole area are characterised as not being a forest. The property also includes around 1,000 olive trees.

Land for tourism development in Western Greese (Astakos) Coastal land plot of 350,000 sq.m. 7 km away from Astakos town. 45,500 sq.m. are 

suitable for tourism development, while on the rest 290,000sq.m. tourism 

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residences could be developed. The landscape of the land plot has smooth slopes and provides beautiful views to the sea. The beach in front of the land plot is one of 

the most famous in Western Greece.

Renewable Energy Sources & Waste Management

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Renewable Energy Sources –Unexploited Capacity

Western Greece has unexploited capacity in Solar and Wind energy production. As shown in the attached Maps the potential is tremendous.  

Solar energy capacity Wind energy capacity

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Investment opportunities: Renewable Energy Sources – National Targets

Targeted participation of RES & conventional technology in electricity generation for the year 2020  in market shares & numerical targets

• Targets set by the Committee for the National Energy StrategyTargets set by the Committee for the National Energy Strategy

• Targets are binding for the Greek government

• Wind energy is expected to dominate electricity generation from RES

7.500

Participation of RES & Conventional Technology

National Targets for the year 2020

Geothermal 0 24%

PV  1,44% Hydro 6,08% Biomass–Biogas 0 53%

3.237

4.650

2.200

Participation of RES & Conventional Technology  in Electricity Generation for the year 2020 

0,24% 0.53%

Wind 24,09%

ConcetratedConventional 

0 198,3 0

1.297,7

44120 250 350

Hydro Geothermal PV Concetraded  Wind Biomass

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Solar  0.73%66,90%

Source: YPEKA, National Renewable Energy Action Plan

Source: Committee for the National Energy Strategy

Solar 

Capacity 2010 Target 2020

Investment opportunities:Waste management

According to EU and national directives Greece should achievethe following targets:

EU imposed targets …create sound investment opportunities

• Creation of modern, integrated facilities for treating and 

disposing municipal solid waste

a) by 2020, the preparing for re‐use and the recycling ofwaste materials such as at least paper, metal, plastic andglass from households and possibly from other origins asfar as these waste streams are similar to waste from

disposing municipal solid waste

• Selective collection at source and further recycling of 

municipal waste

households, shall be increased to a minimum of overall 50% by weight

b) by 2020, the preparing for re‐use, recycling and othermaterial recovery, including backfilling operations usingwaste to substitute other materials of non‐hazardous

• Construction of suitable transfer station networks and 

recycling centres

• Environmental sound management of industrial, medical waste to substitute other materials, of non hazardousconstruction and demolition waste excluding naturallyoccurring material defined in the list of waste shall beincreased to a minimum of 70 % by weight.

and hazardous waste

• Rehabilitation of the existing landfills

• Energy recovery from organic wasteEnergy recovery from organic waste

• Water treatment and sea or brackish water desalination

• Wastewater and sewage treatment

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G I t t N O t itiGreen Investments ‐ New Opportunities

Highly exploited area with growing capacityHighly exploited area with growing capacityBig Waste Projects in the pipeline

Funds of 60 million Euro have been allocated to thearea for the development of waste management

113 MW installed capacity generated from Wind Parks 

42 MW installed capacity generated from Small Hydro

area for the development of waste managementunits in the next 3‐5 years.The project ‘Wastewater management of theMunicipality of Patras’ , was included in theOperational Program "Environment andfrom  Small Hydro

48 MW installed capacity generated from PV Parks 

Operational Program Environment andSustainable Development" of the Ministryof Environment, Energy and ClimateChange on January 16, 2012. Budget : 24 million €

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Investment Opportunities :Ongoing public projects in the Region ofOngoing public projects in the Region of 

Western Greece

On going tender for non‐exclusive seismic surveys in Ionian Sea (Region of y ( g fWestern Greece) and the sea region south of Crete.Submission date for bids: 2/3/12

International tender (“open door” procedures) for assigning three areas for gas and oil exploration (estimate of total

Ionian Sea

Patra

gas and oil exploration (estimate of total 300 million barrels of crude):‐ Gulf of Patra (Western Greece)‐ Ioannina (Nortwestern Greece)

Sea‐ Katakolo (Southwestern Greece)Submission date for bids: 2/7/12

Katakolo

Source: Ministry of Environment, Energy and Climate Change

ICT and Life Sciences

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Top notch research takes place in the Technology cluster of Patras offering highly attractive locationof Patras, offering highly attractive location 

opportunities for high‐tech companies

Business attribute Patras

Thessaloniki Foundation for Research and DevelopmentInstitute of Chemical Engineering and High Temperature Chemical Processes (ICE‐HT)

P S i P k (PSP)

Well educated labor force

University/ Private sector ti t ti lPatras Science Park (PSP)

University of PatrasResearch Academic Computer Technology InstituteIndustrial Systems Institute

cooperation potential

Language expertise

AthensPatrasIndustrial Systems InstituteInstitute of Nanocrystalline and Amorphous MaterialsInstitute of Environmental and Applied BiologyInstitute of Genetic Diseases and

Business parks / incubators

Biomedical ResearchIndustrial areas

Investment incentives

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Iraklio

Investment incentives

R&D in Patras: The Institute of Chemical Engineering and High Temperature Chemical Processes (ICE‐HT)

Institute of Chemical Engineering and High Temperature Chemical Processes

• The Institute of Chemical Engineering and High TemperatureChemical Processes (ICE‐HT) was established and beganoperating at Rio‐Patras in 1984 as an independent academic

Temperature Chemical Processes

• Currently, ICE‐HT runs ca 60 RTD projects in cooperation withnumerous industrial enterprises universities and researchinstitute.

• In 1987 ICE‐HT was incorporated into the structure of theFoundation of Research and Technology‐Hellas (FORTH). Thiscomprises of a network of seven institutes that report

numerous industrial enterprises, universities and researchinstitutes from Greece, as well as from other EU‐membercountries, USA, Japan, etc. These projects are funded bynational and EU competitive R&D programs, and also directlyby industrial enterprises.

directly to the General Secretariat of Research andTechnology of the Ministry of Education, Lifelong Learningand Religious Affairs.

• In addition to fundamental research, the Institute currentlyconducts applied and technological research in a great variety

• ICE‐HT has its own 6200 sq.m. facility at Rio and is locatednearly 10 km NE of the city of Patras, at a distance of 2 km fromthe University of Patras and close to the facility of the Science& Technology Park of Patras. The ICE‐HT laboratory and

t f iliti f f hi h ifi ti d ll tconducts applied and technological research in a great varietyof fields and provides specialized services to industry.

• The number of staff members and research associates of ICE‐HT is approximately 120.

support facilities of are of high specifications and excellentcapability., with research units such as the integrated highvacuum system (XPS, UPS, AUGER, TDS, EELS, etc.), and themicro‐RAMAN spectrophotometer.

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R&D success story: the ecosystem of Patras Science Park (PSP)

• Patras Science Park (PSP) is an active organization established 15 years ago.

About Patras Science Park

organization established 15 years ago.

• Today, a remarkable number of new and strong enterprises are operating under the auspices of PSP, most of them are inventors, adepts and users of new technologies, and PSP deserves to look forward in the future with trust and optimism

• The strategic target of PSP is to establish an I i B i A i h R i fInnovative Business Area in the Region of West Greece, which will be a development and guidance tool for this Region towards the “rising innovative economic‐productive frame” by facilitating – additively and alternatively‐ new economic, productive and business activities in the region.

• The Park’s building  boasts all necessary facilities and has a total space of 4700 sq.m.

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• 22 companies are currently hosted at PSP with 150 research staff

• Member of the International Association of Science Parks (IASP) .

Alternative investment opportunities within value adding services

E ll lSoftware 

Depending on the advantages to be exploited, different projects can be realised

A f R&DExcellent talent pool

Competitive

development

Microchip and MEMS designAdvantage 1:

Areas of R&D 

expertise in Patras

Information and Competitive wages R&D lab

SEE(MENA) or EU service center

Communication Technology

Pharmaceuticals

Geographic location

Regional support 

SEE(MENA) or EU training center

Advantage 2:Nanotechnologies

center

Strong marketRegional headquarters

Advantage 3:

Renewable Energy Sources

Chemicals

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Food and Beverage

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Food & Beverage:gAn overview

• Olive Oil: Total Production between 35 and 40 k  • Fish farming: West Greece holds app. 48% of Greece’s

Key Area Products …and some unique characteristics

Tones,  whilst production of excellent quality olive oil 

ranges between 12‐18k tones.

• Citrus Fruits: Production reaches 110k tones, mainly 

lagoon and lake areas, and its unique geography has led to

extensive and highly successful fish farms. West Greece

produces app. 12.5% of EU’s total production in bream andy

oranges and lemons

• Kiwi: Impressive growth over the last 10 years. Production 

reaches 5k tones annually

sea bass.

• Wine Industry: The area has a long tradition of wine

production, currently including 4 PDO (ΠΟΠ) and 6 PGIreaches 5k tones annually.

• Vegetables:Watermelon, melon, strawberry, cabbage,  aspa

ragus, potato, peppers, carrot etc .Production of around 

175k tones

(ΠΓΕ) wines. West Greece produces 232k HL of

wine, about 7% of Greece’s total production

175k tones.

• Livestock: A total value of 312,32  Euros (2007), including  

various dairy and meat products. A great presence in 

/b l k h l h

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organic/bio meat. Aetoloakarnania holds the top spot in 

organic livestock production in Greece. 

Investment opportunities: F d & BFood & Beverage 

• A new law recently introduced liberalizes the fish farming 

industry hence offering unique opportunities for new

Recent Developments/New  Opportunities

industry, hence offering unique opportunities for new 

investments in an already successful sector of the local and 

Greek Economy.

I t t i i d i d t h th• Investments in unique and organic products such as the 

local production of globally famous wines, (Mavrodafni etc).

• Recent investments in the area of Patras in the dairy 

industry  (the new Friesland Campina Unit) have boosted 

the local dairy production , and highlighted opportunities 

for potential investors.

• West Greece’s multifaceted landscape and its adaptability in 

new products could lead to investments in energy crops, or 

intensified production of relatively newly introduced  

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products such as asparagus and pomegranate.

• Further Investments in the organic/bio livestock industry.

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