Greece seems to be in very close collaboration with the Emir of Qatar, Sheikh Hamad bin Khalifa Al Thani, while in search of investments that will bring in more cash. So far, local news agencies report that the Emir has already bought the islet Oxya and five more in the Ionian Sea.
Yiannis Kassianos, Mayor of Ithaka, an island in the Ionian complex, told Mega TV channel that the small island of Oxya has been purchased by the Emir against 4.9 million euros. Kassianos said that the Emir has spent another 3.5 million euros on five more islets nearby. According to the mayor, Oxya is an islet of 4,200 acres and the sum of the other five islets is 1,600 acres.
Both Oxya and the smaller five islets are privately owned and administrative parts of Ithaca. Kassianos expressed his satisfaction over the Emir’s investments and added that he will be declared honorary citizen of Ithaca. Oxya islet is part of the Echinades complex and is located at the mouth of Acheloos river opposite Astakos on the mainland.
According to Ithaca’s mayor, the Emir has also promised to develop a plan to bring water from Astakos to Ithaca.