A major trilateral investment initiative involving Greece, South Korea and the United States is set to reshape the country’s industrial and defence landscape, following the unveiling of “Project Trident,” a strategic
A major trilateral investment initiative involving Greece, South Korea and the United States is set to reshape the country’s industrial and defence landscape, following the unveiling of “Project Trident,” a strategic development plan centered on the Elefsina Shipyards near Athens, presented during the signing of a strategic alliance agreement between ONEX Shipyards & Technologies Group and Hanwha Ocean at the US embassy in Greece.
At the heart of the plan is an investment program totalling €1.35bn, which provides for the expansion of Greece’s shipbuilding capabilities.
Under the agreement, ONEX will implement a phased shipyard infrastructure investment plan totalling €1.35bn, supported in part by financing from the U.S. International Development Finance Corporation (DFC).
South Korea’s Hanwha Ocean will actively support this initiative by providing the advanced technologies and expertise.
The two partners, Hanwha Ocean and ONEX, aim to enhance shipbuilding and maintenance, repair, and overhaul (MRO) capabilities at ONEX shipyards.
The goal
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