Thomas Cook owner and Abu Dhabi investors to build homes, hotels, malls and a park on former Olympics and airport site

Construction work on a $7.9bn project to develop a sprawling coastal Olympics complex and Athens’s former airport will begin in six months, the Greek government has said.

State minister Alekos Flabouraris said on Friday that the leftist administration’s privatisation agency had given the go-ahead to a consortium of Abu Dhabi and Chinese investors backed by the Chinese conglomerate Fosun, which owns the British holiday company Thomas Cook, to turn the site into a major resort.

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