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Data4 investment a vote of confidence in Greece | TheGreekDeal.com
Kyriakos Mitsotakis
Data4 investment a vote of confidence in Greece
Data4's investment is a vote of confidence in Greek economy, the Prime Minister said, speaking at the groundbreaking ceremony of Data4's data center campus in Peania
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Prime Minister Kyriakos Mitsotakis

"We are now a country that is friendly to foreign investment. This is something that is proven not only by Data4's investment but also by the increased number of investments that are being launched in our country," the Prime Minister said, speaking at the groundbreaking ceremony of Data4's data center campus in Peania.

Kyriakos Mitsotakis stressed that "it is also a confirmation of the overall very good course of the economy, of the fact that Greece no longer faces virtually any real political risk, of the stability that this government radiates, and of the confidence that finally gives important foreign investors to invest significant funds—in this case, in the first phase €300 million—to launch their investment plans."

The Prime Minister referred to the comparative advantages that Greece offers for the activity of technology companies, especially European ones, noting at the same time that the digital revolution around artificial intelligence is a great opportunity with multiplier benefits.

The new campus is located in an industrial zone, ensuring proximity to important energy resources. ATH1 is being built on a 7.5-hectare site in Peania and will be powered by up to 90 MW of power. The first campus data centre is estimated to be operational in late 2026, early 2027.

Data4's ATH1 will include a wide range of skills: managers, engineers, technicians, employees, etc. The Group estimates that by 2030 it will have created more than 7,000 permanent jobs on its campuses in Europe and more than 500 permanent jobs on its Greek campus.

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