A big business group from Cyprus will build two hotels and villas, in an area of 40 acres at Triopetra, Rethymnon.

MEECC will also approve in the next few days another two major investments at Sitia (a hotel of 200 beds, conference hall, golf course, marina, spa in an area of 950 acres) and Elounda/Plaka (two 5-stars hotel, golf course in an area of 1.450 acres).

Total cost of the investment in Rethymnon is more than 400 mil euros, including conference halls, spa, organic farms, etc.