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> Economy

Cruise Industry as a Growth Pillar for Heraklion Port

The Grimaldi Group's plan following the acquisition of a 67% stake in the port for €80 million – In 2024, 270 cruise ships will arrive with 450,000 passengers, a number expected to exceed 500,000 in 2025

Newsroom August 19 09:31

Heraklion Port is increasingly establishing itself on the map of commercial transport and cruise tourism. The port was recently acquired by the Grimaldi Group (Grimaldi Euromed SpA – Minoan Lines), which purchased a 67% majority stake for €80 million.

“It is significant that the responsibility for operating the port and making investments is taken on by a very reputable foreign investor, for a very important price,” said Prime Minister Kyriakos Mitsotakis during his visit to the Heraklion Port Authority offices in early June 2024. He added:

“Major investments will be initiated at the port, creating many jobs, further boosting Crete’s developmental potential, and allowing us to welcome more cruise ships. It is a very important port, a gateway for the island’s commercial activity.”

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