Akrotiri peninsula earmarked for massive new holiday complex.
Talks are under way to build a massive €500m tourist holiday complex to attract more tourists to the Akrotiri peninsula in western Crete. A consortium want to develop around 500 acres of land on the Akrotiri peninsula, near Chania, as a large tourist facility. The peninsula is home to Chania airport with a few beach resorts scattered around the coast. The area is mostly wilderness and a haven for birds and wild plants.
Akrotiri is considered an ideal place for nature lovers, with walking and hiking paths through the unspoilt hills and gorges. Plans for the Crete holiday complex include a luxury hotel and tourist parks with shopping and exhibition centres that will stay open all year round.
Financial backers are confident the huge tourist complex could attract an extra 500,000 tourists annually for Crete holidays.
Businessmen are now waiting for an immediate response from the Greek government to the scheme which could boost the economy of Crete.
They say they have been working on the concept of the hotel for nearly 20 years and now have enough finance in place to fund it.
They say the holiday investment will strengthen the local Cretan economy and could pave the way for the inflow of more foreign capital into the Greek islands.