UPI en Español  |   UPI Asia  |   About UPI  |   My Account
Search:
Go

Qatar ruler takes title to 6 Greek islands

|
 
Published: March. 6, 2013 at 12:42 AM

VATHY, Greece, March 6 (UPI) -- The emir of Qatar, one of the world's richest men, has taken title to six uninhabited Greek islands after a year and a half of paperwork.

Hamad bin Khalifa al-Thani paid $11 million for the islands in the Echinades chain, The Guardian reported. They are politically part of Ithaca, the island in the Ionian Sea that was home to the Homeric hero Odysseus.

The sheik plans to create vacation retreats for his family, which includes three wives and 24 children. Ioannis Kassianos, who became mayor of Ithaca three years ago after a career as an economics professor in the United States, said the sheik plans to buy the entire Echinades chain of 20 islands, all of them uninhabited. Dennis Grivas, owner of the smaller five islands, negotiated a price last week.

"The islands have been in my family for over 150 years but we are not rich enough to be able to keep such valuable properties any longer," Grivas said. "We are very, very happy to see them go. They have been on the market for nearly 40 years."

Kassianos said the sale involved 18 months of red tape.

"Greece is that kind of place," he said. "Even when you buy an island, even if you are the emir of Qatar, it takes a year and a half for all the paperwork to go through."

Kassianos said the sheik now has to find a workaround for a Greek law limiting the size of private homes.

Topics: Hamad bin Khalifa Al Thani, Khalifa Al-Thani
© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.

Order reprints
Join the conversation
Most Popular Collections
'Star Trek Into Darkness' screening NBC upfronts Met Ball 2013
'Great Gatsby' premieres in New York Spire raised on top of One WTC 2013: Celebrity break ups and divorces
Additional World News Stories
1 of 16
Flags-In Ceremony at Arlington National Cemetery
View Caption
Staff Sgt. Jeffrey Roskos with the 3rd U.S. Infantry Regiment, "The Old Guard," participates in the annual Flags-In ceremony, May 23, 2013, at Arlington National Cemetery in Arlington, Virginia. Soldiers place American flags in front of more than 260,000 gravestones in the cemetery in honor of Memorial Day. UPI/Kevin Dietsch
fark
Actual headline: "Police give patrol cars to civilians, hilarity immediately ensues"
Deaf Chinese orphan adopted by American audiologist scheduled to get new type of cochlear implant....
Zookeeper goes in to feed tiger. Succeeds
NJ Transit shuts down train line based on a sighting of a man armed with "a long barrel assault...
On this week's episode of Some People are Capable of Amazing Feats: 17-year-old homeless girl becomes...
Photoshop this intrepid photographer