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Royal Caribbean Cruises Plans To Invest In Greece

Royal Caribbean Cruises Ltd, one of the largest cruise companies in the world, is about to invest in Greece, and information indicates that it has selected the port of Heraklion. 

The company intends to invest in port infrastructure, construction of a hotel and a conference centre. 

Royal Caribbean Cruises had been targeting six Greek ports: Piraeus, Heraklion, Thessaloniki, Rhodes, Kos and Mykonos.

One of these ports would be the one to be transformed to the next cruise hub, attracting host thousands of visitors daily.

Piraeus, although it is the biggest port in the country, has lost ground, as cruise companies preferred other destinations. 

Heraklion and Rhodes seem to be leading, while Thessaloniki follows, but nothing is decided yet. 

According to sources, Royal Caribbean Cruises has informed the Greek government that it intends to invest in Heraklion port, while there is similar interest from Israeli investors too. 

The same sources note that the vice president of the company, John Tercek, has submitted to the ministries a plan to develop cruising in Heraklion. He made it clear that he is willing to contribute as either a consultant or investor, if Greece intends to invest in cruising. 

The plan include port infrastructure and construction of a 4-star hotel, a conference centre of 1,000 sqm, a shopping centre of 3,000 sqm  and a marina for 120 yachts. 

The port of Heraklion could see in two large cruise ships of 2,500 passengers each in daily basis for more than 220 days a year. 

According to a 5-year plan, Royal Caribbean estimates that more than 800,000 passengers per year would visit Heraklion, while the annual revenue is estimated to exceed €3 million.
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