Al Maabar

The government said on Tuesday that it had met the "final condition" set by the country's creditors for the disbursement of a 7.5-billion-euro tranche of bailout money after announcing it will move ahead with the sale of Athens's former international airport at Elliniko.

Lamda Development presented plans on Tuesday for the utilization of the old airport plot at Elliniko, southern Athens, with the investors who have undertaken the development of the 6.3-square kilometer site (the Latsis Group’s Lamda, Al Maabar from the United Arab Emirates and China’s Fosun Group) claiming they are ready to start work at Elliniko from today.

 Chinese premier will also arrive in the coming weeks and discuss further cooperation with local companies

By Dimitra Manifava

Officials from the United Arab Emirates are set to announce in Athens on Tuesday the UAE’s participation in the share capital of a major Greek construction company active in the sectors of energy and real estate.