IENE’s Executive Director, Mr. Costis Stambolis, was among the speakers of the 6th Arab-Hellenic Economic Forum 2017, which took place in Athens on November 29-30, 2017IENE’s Executive Director, Mr. Costis Stambolis, was among the speakers of the 6th Arab-Hellenic Economic Forum 2017, which took place in Athens on November 29-30, 2017. This year’s Arab-Hellenic Economic Forum attracted hundreds of delegates, ranging from government officials to high-ranking executives of industrial, energy, commercial etc. companies and organizations from several Arab countries and also from Greece.
Mr. Stambolis spoke on November 30, at the Forum’s 3rd session, which focused on energy, construction and building materials and the potential benefits for both sides from deepening their relations in the respective fields. Mr. Stambolis analyzed the sizeable new opportunities for Greece’s energy trade with the Arab world and the prospects for investments in the country’s expanding energy sector.
More specifically, the Executive Director of IENE in his presentation stressed that, as Greece is slowly coming out from the worst recession in its history, its energy sector is expected to play a key role in supporting a return to economic growth. Apart from providing much needed infrastructure for the utilization of different forms of energy (i.e. oil, gas, RES, electricity, energy efficiency and CHP), the energy sector can attract much needed investment for new projects, but also for marketing activities following electricity and gas market deregulation and rising competition.
According to Mr. Stambolis,
the ongoing privatization programme of major state controlled enterprises in
electricity and gas is already attracting investor interest if we are to judge from the
recent sale of a 24% stake of the Electricity Grid Operator (ADMIE) to China’s
State Grid for €320 million. Furthermore, the Executive Director of IENE underlined
the fact that Greece is now consistently pursuing efforts to exploit its
considerable hydrocarbon resources and the recent international round, just
published in EC’s Journal, is a case in point.
Costis Stambolis’ presentation at the 6th Arab-Hellenic Economic Forum 2017 is accessible in the "Reports” section of www.iene.eu
