Peloponnese Region Investment Profile · Peloponnese Region: Quick overview • The Peloponnese...
Transcript of Peloponnese Region Investment Profile · Peloponnese Region: Quick overview • The Peloponnese...
Peloponnese Region ‐ Investment Profile
0
Peloponnese Region: Quick overviewPeloponnese Region: Quick overview
• The Peloponnese region is one of the thirteen regions of Greece and covers 11.7% of the total area of the country
• It includes the prefectures of Arkadia, Argolida, Korinthia, Lakonia and Messinia
Corinth• Arkadia and Lakonia are the two prefectures of the
region with the highest percentage of rural population(67.8% and 67.3% respectively), and Argolida prefecturewith the highest percentage in urban population
Argos
Tripoli
• Key cities include namely Tripoli, Argos, Corinth, Sparta and Kalamata
• Tripoli also serves as the Region’s capital
• On the west it is surrounded by the Ionian Sea and bordered by
Sparta
Kalamata
the Region of Western Greece, on the northeast it borders with the region of Attica, while on the east coast it is surrounded by the Sea of Myrtoo
• It has a total area of 15,490 km2 of which 2,154 km² occupied by th f t f A lid 4 419 k ² b th f t f
Main highwaysRailway network
Kalamata the prefecture of Argolida, 4,419 km² by the prefecture of Arkadia, 2,290 km² by the prefecture ofKorinthia, 3,636 km² by the prefecture of Lakonia and 2,991 km² by the prefecture of Messinia
• Tripoli and Kalamata also harbour universities
1
yMain cities
• Tripoli and Kalamata also harbour universities
• Population: 638,942 inhabitants (Census 2001)
• Population density: 41.2 inhabitants / km²
Peloponnese Region: Quick factsPeloponnese Region: Quick facts
• The economic mix of the Region of Peloponnese includes mostly
Investment incentives quickfacts
European Program for Peloponnese, Western Greece and the Ionian Islands: €1.3 bn
New Investment law: Subsidies for up to 50% ofactivities in agriculture and tourism services. Small industrial
activity has been scarce but picking up over the last years
• More specifically, its contribution to the national agricultural
New Investment law: Subsidies for up to 50% of business plans, tax incentives for up to ten years
Jessica Holding Fund for Greece: €250m
Jeremie fund for Greece: €150mproduction is significant. The region’s agricultural sites
correspond to 11% of total sites in Greece. Main agricultural
products are fruits (53% of national production), olive oil (65% of
national production) and potatoes (11% of national production)
Workforce quickfacts
Total workforce: 260,000
Employment rate: 62%
• The Peloponnese is also famous for its wine producing areas
such as Nemea and Mandinea. The region holds the 1st position
in terms of the number of producers, wineries, varieties and
i d i G It t ll t 29 1% f th G k
Employment rate (55‐64 years): 42,5%
Employment rate women: 46,6%
Number of University faculties: 8vineyards in Greece. It actually represents 29.1% of the Greek
vineyard map and produces 1,208 different labels, which ranks
the region 1st in terms of the number of wines produced in
Greece
Cultural and natural quickfacts
Archaeological sites: 60
Museums: 20
2
Museums: 20
Natura 2000 regions: 47
Blue flag awarded beaches: 28
Peloponnese has a breathtaking geography to offerPeloponnese has a breathtaking geography to offer
• Peloponnese has a characteristic and unique morphologywith big mountains occupying a part of the north andwith big mountains occupying a part of the north, andthe entire southeastern part of the western part of thewhole of the Peloponnese
• This geographical position gives the region a character ofan inland southern gateway to the large island of Creteand the island of Cyprus. This position coupled with theimmediate proximity to the metropolitan center of thecountry, Athens, makes a "bridge" that connects thesouthern island part of Europe with the capital ofp p pGreece, Western Europe and the Balkans, taking intoaccount the new road links with European networks
• Today via the creation of major roads and the gradualimprovement of port infrastructure the location of theimprovement of port infrastructure, the location of theregion becomes an advantage for a dynamic growthpath, situated within the geographical area of theEuropean Union
3
The Peloponnese Region boasts strong performance indicators
Pelopon‐nese
Key performance indicators
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009TotalG
Welfare indicators
IndicatorneseRegion Greece
Population (000s) 639 10,964
GPD per capita *€16.6(000s)
€20.4 (000s)
Greece
GDP (€ m) 6,694 6,816 6,959 7,471 7,896 8,557 9,356 9,986 10,496 n/a 237,494
% Agriculture 11.3% 13.2% 12.0% 12.3% 10.3% 10.2% 9.2% 8.4% 7.9% n/a 3.8%
% Industry 35.2% 33.2% 30.9% 28.8% 29.8% 31.5% 32.3% 31.5% 32.5% n/a 16.3%(000s) (000s)
Income per capita *€12.9 (000s)
€15.6 (000s)
Savings per capita€12.0 (000s)
€15.4 (000s)
% Services 53.6% 53.5% 57.1% 58.9% 59.9% 58.3% 58.5% 60.1% 59.6% n/a 79.9%
New houses built 5,446 6,364 7,721 8,273 8,189 12,882 9,027 8,345 6,626 5,213 61,490
Savings (€m) n/a n/a 4,137 4,669 4,896 5,685 6,414 7,128 8,630 8,914 211.469
Population growth per 1,000 inhabitants *
‐3.1 0.2
Primary school students per 1,000 inhabitants
53 57
Cars (000s) 89.9 96.8 103.5 108.4 114.7 120.8 126.3 132.1 137.3 141.3 5,132.0
Powerconsumption (TWh)
1,996 2,074 2,122 2,253 2,336 2,393 2,536 2,693 2,669 1,996 55,902
Unemployment rate 7.2% 7.7%
Source: economics.gr; * Indicated data refer 2008, otherwise to 2009
5* hotels n/a 4 4 6 6 8 8 8 8 10 280
4* hotels n/a 47 46 49 57 55 56 61 68 72 1,164
Source: economics.gr
4
The strong economy of the Peloponnese Region is reflected in its export activity
Total value of exports: €607m
Key exporting goods
Medical devices
Pharmaceuticals 1,7% Other
9 9%
Total value of exports: €607m
• Approximately half of the exports are destined to EU
Fruit and vegetables 34,3%Vegetable
oils 8,6%
Medical devices 5,1%
9,9%countries
• The most extrovert prefecture is that of Argolida, which
boasts half of the Region’s exports
Petroleum
Tobacco products 14,8%
, g p
• The prefectures of Korinthia and Messinia make up
almost the entire other 50%
products 25,6%
S HEPO
5
Source: HEPO
The Peloponnese Region attracts significant foreign and domestic investment
FDI breakdown per region Foreign vs domestic investments per region
Peloponnese 32%
Western Macedonia
Attica 4%
Other 10%
621
1.178
813
1.057
Mainland Greece
Peloponnese
32%
Eastern Macedonia ‐Thrace 6%
5%
645
370
262
332
Western Greece
Central Macedonia
Foreign
Central
Western Greece 8%
233
500
169
200
Western Macedonia
Eastern Macedonia ‐Thrace
Domestic
Mainland Greece 25%
Macedonia 10%
2.497
944
323
147
Other
Attica
6
Source: Invest in Greece Agency Source: Invest in Greece Agency
Peloponnese offers an ideal environment for investmentPeloponnese offers an ideal environment for investment
Peloponnese’s advantages ..are enhanced by investment incentives
Peloponnese, has very attractive features such as:
1. Proximity and motorway and railway to Athens and the
mainland
• Under the new Investment Incentives Law, Peloponnese
enjoys attractive investment incentives varying from 30% to
50% of the total investment cost, according to the area and
2. Advanced infrastructure networks
3. Natural resources of all kinds
4. Skilled work force, especially in Tourism and Agriculture
g
the size of the company
• The new Law focuses on supporting sustainable
investment projects with efficient tax breaks,
favorable loans and state aids in selected business
activities
7
* Please refer to the full text of the new Law 3851/2010 for detailed and analytical information
Several sectors strive in Peloponnese, presenting concrete investment cases
Corinth
TourismArgos
Tripoli
Renewable Energy Sources
Sparta
Tripoli
Food and beverage
Main highways
p
Kalamata
Waste managementRailway networkMain cities
8
TourismRESFoodWaste
Investment opportunities:Tourism
Significant infrastructure Unique competitive advantages
• Greece held in 2010 the 2nd place among 41 countriesacross Europe, in the European Blue Flag Program with 421beaches and 9 marinas
• 28 beaches and 1 Marina are located in the
• The Peloponnese Region holds unique cultural, historic andarchaeological treasures
• Notably, the first World Heritage site declared fromUNESCO, was the Temple of Apollo and the most
Peloponnese Region• Messinia Prefecture in the Peloponnese, is included in the
20 Best Trips for 2011 by the National Geographic Traveler• The only Integrated Resort in the country, renowned resort
Costa Navarino is to be found in the prefecture of Messinia
, p precent the Mediterranean Diet
• Peloponnese is a region with an amazing variety in sceneryencompassing 47 sites registered and protected by theNatura 2000 program, for its rare species of flora and fauna.
• These sites form a great "natural touring map”Costa Navarino is to be found in the prefecture of Messinia• 601 of the total 9.559 Hotels that exist in Greece, are to be
found in the region of Peloponnese• 10 of them belong in the 5 star category
• These sites form a great natural touring map ,which includes mountains, wetlands, rivers, andpeninsulas of extreme beauty
• Satisfactory tourism infrastructure with opportunities todevelop further high end tourism facilities and services
These translate into concrete
9
These translate into concrete business opportunities
TourismRESFoodWaste
Tourism Facts & Figures:Peloponnese region
Ni ht t t H t l t bli h t &Tourism Arrivals in main airports of Greece‐2009
Nights spent at Hotel establishments & Campsites by Region ‐ 2009
Regions 2009 % of total Athens 3.143.238Heraklion 1.954.611
Crete 15.621.455 23,70%
South Aegean 14.636.435 22,20%
Central Macedonia 7.891.793 12,00%
Heraklion 1.954.611Rhodes 1.325.139
Thessaloniki 1.189.444Corfu 744.225Kos 627.857
Ionian Islands 7.457.180 11,30%
Attica 7.055.609 10,70%
Peloponnese 2.830.581 4,30%
Chania 592.456Zakinthos 430.398Santorini 162.414Aktio 147.574
Thessaly 2.111.634 3,20%
Western Greece 1.861.313 2,80%
Central Greece 1.767.856 2,70%
Kefallonia 143.438Samos 116.203Skiathos 108.829Mykonos 96.745
East Macedonia & Thrace 1.754.483 2,70%
North Aegean 1.635.463 2,50%
Epirus 1.015.199 1,50%
yKavala 83.942Mytilini 71.452Araxos 41.418
Kalamata 30.446
10
West Macedonia 383.269 0,60%
Greece Total 66.022.270 100,00%
Kalamata 30.446Chios 11.967
Limnos 6.563
Source: Civil Aviation Authority Source: Association of Greek Tourism EnterprisesTourismRESFoodWaste
Tourism Facts & Figures:Peloponnese region
N b f 5* H l G k R i 2009Number of 5* Hotels per Greek Region ‐ 2009
7Total Greece:
280
352 % of Hotel beds per category
as of country’s total in the
29
62149 1* 4,6%
2* 7,8%
Peloponnese ‐ 2009
2967
10
3* 8,3%
4* 5,1%
5* 6,4%
67
5 6,4%
11
Source: Hellenic Chamber of Hotels & Association of Greek Tourism Enterprises ‐ 2009 TourismRESFoodWaste
Various tourism segments make up an investment opportunity in the region
Marinas Golf ResortsEco Tourism
Integrated Resorts Development of existing state & private assets
12
TourismRESFoodWaste
Tourism success story: Costa Navarino ResortCosta Navarino Resort,
a prime destination in the Mediterranean
• The first already completed phase of Costa Navarino Resort NavarinoDunes features a 1‐kilometre sandy beach amidst lush olive groves.The site is the setting for The Romanos, a Luxury Collection Resortand The Westin Resort. Starwood Hotels & Resorts operates both 5‐star properties. The two resorts offer extensive facilities andactivities, including The Dunes Golf Course, the first signature 18‐holegolf course in Greece, the House of Events conference centre, and awide range of gourmet experiences, sport and cultural facilities,wide range of gourmet experiences, sport and cultural facilities,outdoors activities, branded stores and well‐designed children andyouth centres
• Anazoe Spa has also opened in Navarino Dunes. The 4,000 m2 spai l d i h li ti th i b d th bi ti f thincludes unique holistic therapies based on the combination of theancient therapeutic expertise and modern cosmetology
• The second phase, the 140 hectare Navarino Bay site will open in the near future and will showcase Banyan Tree all‐pool‐villa resort, the first of its kind in Europe, an 18‐hole signature golf course, as well as another five star hotel
• Two further phases, Navarino Hills and Navarino Blue, will open at a later date
13
later date
TourismRESFoodWaste
Luxury integrated resort in the pipeline: The Porto Heli Collection
• The Porto Heli Collection spreading over an area of 3 470 000 sq m will become home to four five‐star hotels each one offering aThe Porto Heli Collection, spreading over an area of 3,470,000 sq.m., will become home to four five star hotels, each one offering aunique style of vacationing and amenities, catering to a diverse range of travelers. In addition, a number of luxury villas, both brandedfrom the hotels and non branded, will be build throughout the different parts of the resort.
• Special Features: Whatever style of hotel a visitor seeks, from understated elegance, privacy, and opulent luxury, to an activity‐packedbeach holiday with incomparable spa and golf facilities, they will be able to find the perfect holiday destination within The Porto HeliC ll tiCollection.
• Composition:• Europe’s first villa –integrated Aman Hotel, spa, beach club and residences• The Seafront Villas• The Chedi Hotel, spa, club suites and residences
14
• Jack Nicklaus Signature Golf Course• The Nikki at Porto Heli with hotel suites, serviced apartments and beach club• Golf boutique hotel with suites, golf clubhouse and golf residences• Equestrian centre, tennis academy, kid’s club, beach club
TourismRESFoodWaste
Investment opportunities: Renewable Energy Sources – Peloponnese Current Status
Capacity (MW) currently in operation or under construction
Wind Solar Hydro
Wind Energy
Argolida 319,75 45,83 2,00
Arcadia 467,65 75,50 11,16
Lakonia 355,90 69,31 3,99
21%
31%24%
24% Argolida
Arcadia
Lakonia
Messinia 355,90 47,71 0
Total 1499,20 238,35 17,15
31%24% Messinia
Solar Energy Hydro Plants
21%24%
Solar Energy
Argolida
12%23%
0%
Hydro Plants
Argolida
31%24%
Argolida
Arcadia
Lakonia
Messinia65%
Argolida
Arcadia
Lakonia
Messinia
15
TourismRESFoodWaste
Investment opportunities:Renewable Energy Sources – UnexploitedRenewable Energy Sources Unexploited
Capacity
Peloponnese 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
16
TourismRESFoodWaste
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
17
Solar 0.73%66,90%
Source: YPEKA, National Renewable Energy Action Plan
Source: Committee for the National Energy Strategy
Solar
Capacity 2010 Target 2020
TourismRESFoodWaste
Investment opportunities: Food & Beverage Mediterranean DietFood & Beverage ‐Mediterranean Diet,
olive oil sector
Facts on the F&B sector …which form an excellent business case
• Greece holds the 3rd place in world olive oil production
(after Spain and Italy) with more than 140 million trees,
which produce about 400,000 tons of olive oil annually, of
hi h 75 80% i t i i il (hi h t lit )
• Olives are grown mainly in mainland Greece. The
Peloponnese, accounts for approximately 65% of annual
domestic productionwhich 75‐80% is extra virgin oil (highest quality)
• This ranks Greece the 1st country in the world in
production of extra virgin olive oil (Italy is 2nd with
p
• The prefecture of Messinia in the Peloponnese is one of
the few areas where the harvesting of olives is still made by
hand and not with the help of machines40‐45% of its annual production being extra virgin
olive oil and Spain 3rd with 25‐30%)
• In recent years, scientific and medical studies have
hand and not with the help of machines
concluded that the Mediterranean diet is the best recipe
for longevity and is becoming more widely accepted for its
positive effects on health
18
TourismRESFoodWaste
Investment opportunities: F d & B M di DiFood & Beverage ‐Mediterranean Diet,
Wine
• The Peloponnese is also famous for its wine producing
areas such as Nemea andMandinea (Appellation d’ origine
Facts on the F&B sector
areas such as Nemea and Mandinea (Appellation d origine
contrôlée)
• The region holds the 1st position in terms of the number of
d i i i i t i d l d i )producers, wineries, wine variety, vineyard land size)
• The region represents 29.1% of the Greek vineyard
map and produces 1.208 different kinds of wine,
which ranks the region 1st in terms of the number of
wines produced
• A tour of the area's vineyards and local wineries offers the
visitor an opportunity for excellent wine tasting, as well as
an introduction to the history and art of local winemaking,
grape varieties and the region's winemaking ritual with
19
roots deep in antiquity
TourismRESFoodWaste
Investment opportunities:Waste management
According to EU and national directives Greece should: • recover at least 60% by weight all packaging waste by 2011
which includes recycling at least 55%
EU imposed targets …create sound investment opportunities
• Creation of modern, integrated facilities for treating and
disposing municipal solid wastewhich includes recycling at least 55%Current Status: 50%
• decrease biodegradable waste that is sent to landfill by • 1,100,000 tons in 2010
disposing municipal solid waste
• Energy recovery from organic waste
• Rehabilitation of the existing landfills
• 1,900,000 tons in 2013 and • 2,700,000 tons in 2020
Current Status: 461,079 tons (42% target coverage)
• Environmental sound management of industrial, medical
and hazardous waste
• Construction of suitable transfer station networks and
recycling centres
• Selective collection at source and further recycling of
municipal wastemunicipal waste
• Water treatment and sea or brackish water desalination
• Wastewater and sewage treatment
20
TourismRESFoodWaste
There are several investment opportunities available in the Peloponnese Region
Sector Description County Project reference
Tourism Development of 5* resort and vacation residences project at Porto Argolida IP7Tourism Heli Argolida IP7
Tourism Development of vacation residences at Porto Hydra Argolida IP17
Tourism Development of marina with 400 births in Pylos Messinia IP27
Tourism Development of a hotel in Kardamili Messinia IP16
RES Development of Vromosykia & Lamboussa wind farms Argolida RES4
RES Development of Gropes & Kalogerovouni wind farms Lakonia RES4
21
ICT Administration of fiber optic metropolitan area networks Entire region ICT15
The local government is pushing projects to promote the attractiveness of the Region
• Reformation of the Corinth Canal based on its architectureReformation of the Corinth Canal based on its architecture
and design: The Canal is the gateway to the Peloponnese
region and has a width of approximately 6 km
• Restoration of Bourtzi: The restoration of Bourtzi is planned
to materialise through NSRF fundingto materialise through NSRF funding
22
The local government is pushing projects to promote the attractiveness of the Region
• Development of Karathonas: It is planned
to develop Karathonas, which lies next to p
Nafplio, with high end tourism projects
• Improve management of Dyros Caves: It is
estimated that by improving the management of
Dyros Caves the annual visitors could increase by
50% to 150,000
23
24