Karatzis Group Invests €240M in Greek Data Center

Karatzis Group, a Greek multinational known for plastic manufacturing, is investing €240 million ($278 million) to construct a data center in Boeotia, Greece. The project will feature seven data centers with a total capacity of 430 MW, spanning approximately 3.68 million sq ft. Groundwork for this facility began with site selection and environmental assessments in 2025, with construction expected to be completed over 18 months and positioned strategically to enhance connectivity in the region.

This significant investment is part of a broader trend in Greece aimed at fostering local data sovereignty and meeting increasing demand for low-latency connectivity throughout the Mediterranean. Including additional players like Microsoft and Digital Reality, this development highlights Greece's efforts to cultivate a robust tech infrastructure ecosystem, thereby reducing reliance on foreign data services and enhancing national technological autonomy.