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> Economy

Hamed El Chiaty is an Egyptian tourism magnate and the head of the Travco Group International

Recently, he became a resident of the Athenian Riviera after purchasing one of the 27 luxury villas that will be built as part of the Hellinikon project. This is his third property purchase in Greece in the last three years

Newsroom July 29 10:16

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His investment includes a new two-story residence with an underground parking garage, a swimming pool, and a decorative pool, designed by five well-known architectural firms. The construction is expected to be completed by the summer of 2026.

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The bill on Foreign Direct Investment has been submitted to Parliament

“After the six-star resort in Mykonos, more projects are on the way,” says Egyptian businessman Naguib Sawiris about the €100 million investment

Kyriakos Mitsotakis speaks at Wonderplant’s investment in Ptolemaida

El Chiaty already has significant investments in Mykonos, such as the “Anandes” hotel (formerly “Elysium”), a 22-million-euro investment, and the villa of Panos Marinopoulos in Fanari, for which he paid 10 million euros. Additionally, he has bought and renovated Lakis Gavalas’s villa in Ftelia.

Under his leadership, Travco Group manages 78 hotels in various countries, serving over 4,500,000 tourists annually and generating an annual revenue of 3.6 billion euros.

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