Once near bankruptcy, now this country is building Europe's largest smart city [Fortune]
JARDINE MATHESON UNSP/ADR (JMHLY)
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Source: Fortune
After a decade of delays, a vision of the Ellinikon is emerging. The Marina Tower, soon to be Greece's first skyscraper, is beginning to rise. Iron skeletons of condos are taking form. Standing on the marina, with a view of the Saronic Gulf on one side and the tower on the other, it's possible to imagine the future city, which will feature the open spaces, sustainable energy sources and abundant green spaces that Athens currently lacks. “There was justifiable disbelief” in the project's early days, Odisseas Athanasiou said in an interview. Athanasiou is the chief executive officer of Lamda, the developer behind the multiuse development. Spread across 6,200 acres a 20-minute drive outside of Athens, Ellinikon will transform both the coastline and the country. It's the kind of project normally seen in China or the United Arab Emirates, and a sign of Greece's post-crisis revival and subsequent investor enthusiasm. Developers project that it will add 2.5 percentage points to Greece's
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