The Ministry of National Defence has submitted its draft law for public consultation.

The deal also marks a broader resurgence of foreign capital in Manhattan, particularly from the Gulf region.

According to the CEO, the project encountered significant challenges, including extensive bureaucracy, complex licensing procedures, and the lasting repercussions of the decade-long economic crisis.

Among them is the building currently housing the offices of the Greek National Tourism Organization (GNTO) on Tsocha Street.

The timeline for the construction of the center is set for the last quarter of 2028, and it will be fully funded by private resources of the DLMF Foundation.

It is expected to attract 16.2 million visitors annually to the area.