The possibility of designing and implementation of a high standard settlement in order to sell real estate to Chinese citizens was discussed on July 24 at the meeting held by the Deputy Minister of Development and Competitiveness, Notis Mitarakis, with a delegation of the Chinese company Jao Design, headed by the CEO James Jao.
As it became known, the plan is connected with the possibility of granting residence permits to foreign investors under the new investment law.
In parallel, issues concerning the incentives for foreign direct investments and the licensing system among others were discussed as well. The meeting was also attended by the CEO of Invest in Greece, Stefanos Isaias.
The company JAO Design International (www.jaodesign.com) was founded in New York in 1984 and has built more than 1,000 projects in China. Among these projects is the complex of ecological skyscrapers Shishi Yangneiting (424,000 sqm), the Seaview Gardens settlement in Quanzhou, Fujian Province (more than 300 houses in 680 acres), the central apartment of the city Yueqing, Zhejiang Province (18,2 sq. km) and others.