JTA to Invest 65 Mn Euro in Greek Resort

18 Jun 2026 CW Team

Happy Holidays S.A. has signed an Investment Agreement with Qatar-based JTA Investment Holding for the development of the sustainable SARTIMARE Beach Resort & Spa project in Sarti, Halkidiki, Greece.

Under the agreement, JTA Investment Holding will invest €65 million in the development. The project will be built on a site of approximately 120,900 sq m, with construction scheduled between 2027 and 2030.

Designed with a strong focus on environmental responsibility, SARTIMARE will include luxury hospitality facilities, premium residences and villas, wellness amenities, retail, food and beverage outlets, and marina infrastructure.

The project’s valuation is expected to exceed €100 million as key development milestones are achieved.

The partnership combines Happy Holidays S.A.’s experience in Greek tourism development with the global network and financial strength of JTA Investment Holding. The project aims to create one of the Mediterranean’s leading sustainable luxury destinations.

George Iosifidis, Founder and Owner, Happy Holidays S.A., said the signing of the agreement marks a major milestone for the SARTIMARE project. He said the cooperation with JTA Investment Holding provides the financial strength and international reach required to bring the vision to life.

Iosifidis added that the investment reflects international confidence in Greece’s tourism sector and will help attract foreign direct investment into the country.

Dr Amir Ali Salemi Zadeh, Founder and CEO, JTA Investment Holding, said the company has strong confidence in the future of Greece’s tourism sector and in the potential of the SARTIMARE project.

He added that the investment forms part of JTA’s long-term international strategy in tourism and real estate, and is expected to support Greece’s economic development, employment creation and position as a leading global destination.

The project is expected to upgrade Halkidiki’s tourism infrastructure, create jobs during construction and operations, and attract international visitors and investors from Europe and the Middle East.

Happy Holidays S.A. has signed an Investment Agreement with Qatar-based JTA Investment Holding for the development of the sustainable SARTIMARE Beach Resort & Spa project in Sarti, Halkidiki, Greece.Under the agreement, JTA Investment Holding will invest €65 million in the development. The project will be built on a site of approximately 120,900 sq m, with construction scheduled between 2027 and 2030.Designed with a strong focus on environmental responsibility, SARTIMARE will include luxury hospitality facilities, premium residences and villas, wellness amenities, retail, food and beverage outlets, and marina infrastructure.The project’s valuation is expected to exceed €100 million as key development milestones are achieved.The partnership combines Happy Holidays S.A.’s experience in Greek tourism development with the global network and financial strength of JTA Investment Holding. The project aims to create one of the Mediterranean’s leading sustainable luxury destinations.George Iosifidis, Founder and Owner, Happy Holidays S.A., said the signing of the agreement marks a major milestone for the SARTIMARE project. He said the cooperation with JTA Investment Holding provides the financial strength and international reach required to bring the vision to life.Iosifidis added that the investment reflects international confidence in Greece’s tourism sector and will help attract foreign direct investment into the country.Dr Amir Ali Salemi Zadeh, Founder and CEO, JTA Investment Holding, said the company has strong confidence in the future of Greece’s tourism sector and in the potential of the SARTIMARE project.He added that the investment forms part of JTA’s long-term international strategy in tourism and real estate, and is expected to support Greece’s economic development, employment creation and position as a leading global destination.The project is expected to upgrade Halkidiki’s tourism infrastructure, create jobs during construction and operations, and attract international visitors and investors from Europe and the Middle East.

Infrastructure Transport

06 Aug 2026

Surya Roshni delivers customised lighting for NCRTC RRTS stations

Surya Roshni has supplied customised indoor lighting solutions for 18 elevated stations on the National Capital Region Transport Corporation's (NCRTC) Rapid Rail Transit System (RRTS), strengthening its presence in India's infrastructure lighting segment.The project involved the design and deployment of lighting systems for platforms, concourses, foot overbridges (FOBs) and back-of-house (BOH) areas. According to the company, the luminaires were developed specifically to meet NCRTC's design, operational and performance requirements rather than using standard products.Surya introduced two custo..

Real Estate

06 Aug 2026

Hilton debuts Tapestry Collection brand in Vietnam

Hilton has opened NHAAN Resort & Spa Hoi An, Tapestry Collection by Hilton, marking the debut of the Tapestry Collection brand in Vietnam and expanding its lifestyle hospitality portfolio in Southeast Asia.Located along the Co Co River in Cam Thanh village, the 174-key resort provides access to Hoi An Ancient Town, Cua Dai Beach and the Cam Thanh Nipa Forest. The property has been designed by Vietnamese architect Vo Trong Nghia, incorporating biophilic architecture, locally sourced materials and riverfront landscapes.The resort offers a mix of guest rooms and suites, including family-frien..

Building Material

06 Aug 2026

Electrent expands lithium energy storage system portfolio

Electrent Energy has expanded its lithium-based energy storage portfolio with the launch of the ESS 850 and ESS 1050, targeting compact and maintenance-free power backup solutions for Indian homes.The new systems integrate a Home UPS and a LiFePO4 lithium battery into a single unit, extending the company's product range following the launch of its ESS 1350 and ESS 2500 models.Designed for apartments and smaller homes, the ESS 850 provides up to 1 hour 15 minutes of backup, while the ESS 1050 offers up to 1 hour 45 minutes on a typical 400 W household load. The systems can power essential appli..