Neotex S.A.’s industrial investment in Western Attica is now officially on track for implementation, as the decision to classify the investment plan under the strategic investment regime has been published in the Government Gazette, thereby activating the relevant incentives and fast-track licensing procedures.
The investment, with a total budget of €21.5 million, involves the creation of a new production facility in Magoula, Attica, for the production of insulation materials, resin-based flooring, and mortars, strengthening the company’s industrial presence in the building materials sector.
The project was designated a“Flagship Investment of Exceptional Importance,” granting it access to the special framework for strategic investments.
The aid package includes a direct grant of €6.1 million, a tax exemption of €1.52 million, and the incentive of expedited permitting, while special urban planning concessions are also provided for the project’s implementation.
The investment proposal was submitted to Enterprise Greece in November 2024, with successive supplementary submissions through May 2025, while the positive opinion designating it as a flagship investment was issued in July 2025. With the publication of the decision in the Government Gazette, the project has now moved from the approval phase to the implementation phase.