Greek official: UAE show interest in state assets

AP News
Posted: Jan 12, 2012 10:26 AM
Greek official: UAE show interest in state assets

Greece's deputy prime minister says investors from the United Arab Emirates have shown interest in the debt-crippled country's massive state asset sale program, during a joint economic forum near Athens.

Theodore Pangalos said Thursday that potential investors are focusing on real estate deals, which are expected to account for about half of the euro50 billion ($63.7 billion) program. So far, Greece has only raised euro1.56 billion ($1.99 billion).

Pangalos said Greece planned to hold another economic forum this month with Qatar, which was involved in so-far fruitless talks to develop a large former airport site in southern Athens.

Assets up for sale this year will include gas, refinery and mining companies, land on the islands of Rhodes and Corfu, a northern highway, 39 airports and 12 harbors.