Minoan Group, through its subsidiary Loyalward Ltd, plans to develop Cavo Sidero as the finest exclusive holiday destination in the eastern Mediterranean. This unique luxury resort will comprise five well spaced villages set in a protected natural environment on a 26 sq km peninsula site in north east Crete.

Cavo Sidero is just 30 minutes drive from the new international airport at Sitia, just 3½ hours direct flying time from London.

It is anticipated that construction will commence in 2008 with the first hotels due for completion in 2009/2010.

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