Greece Develops as a Regional Digital Hub: Spata-Artemida Among Key Locations
In recent years, Greece has been steadily strengthening its position in the digital economy. Its strategic location at the crossroads of Europe, Asia, and Africa, combined with ongoing upgrades to telecommunications infrastructure, has made the country attractive for international technology companies investing in data centers.
The Greek data center market is currently valued at around $800 million, and forecasts suggest it could exceed $2 billion by 2030. Global players such as Microsoft, Google, and Digital Realty are already present, while new entrants – including the Public Power Corporation (ΔΕΗ) - are developing large-scale projects. A significant part of this activity is taking place in Spata and nearby Paiania, highlighting the growing importance of the municipality of Spata-Artemida in this sector.
Major Projects in Spata and Paiania
ΔΕΗ, in partnership with DAMAC, is constructing a data center in Spata with an initial capacity of 12.5 MW, expandable to 25 MW. The project has a budget of €150 million.
Microsoft is also investing heavily in the area. As part of its €1 billion Greek cloud region, the company is building three data centers in Spata and Paiania. The first facility, with a capacity of 19.2 MW, is already under construction, and the full project is expected to be completed by 2028.
In addition, the Dromeus Capital-Apto consortium (a subsidiary of Pimco) has announced plans for a hyperscale data center in Spata, designed to deliver 80 MW of capacity and covering more than 62,000 m².
Broader Developments Across Greece
Beyond Spata and Paiania, other regions are also seeing important investments. ΔΕΗ plans to develop a 300 MW Mega Data Center at Agios Dimitrios in Western Macedonia, which could eventually expand to 1 GW. The aim is to combine renewable energy with advanced data infrastructure.
French operator Data4 has committed €300 million to a facility in Paiania as part of its €7 billion European investment plan running through 2030. Google has also confirmed it will establish a cloud region in Greece.
Meanwhile, the United Arab Emirates signed a memorandum of understanding with Greece in 2023, outlining potential investments in data centers with a total capacity of up to 500 MW.
Market Performance of Key Players
The strong momentum in the sector is also reflected in company results:
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Digital Realty Hellas reported 17% revenue growth in 2024, reaching €21.13 million. EBITDA increased to €5.61 million, while net profit declined to €265,000. The company already operates several facilities (Athens 1, Athens 2, Athens 3, and HER1 in Crete), with Athens 4 under construction in Koropi and Athens 5 (15 MW) in planning.
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Sparkle Greece achieved an 8% rise in sales to €15.72 million, supported by network asset sales and fiber-optic projects linked to Microsoft’s data centers. EBITDA grew by 32%, and net losses narrowed to €2 million. In 2025, Sparkle expects to complete the Blue Raman submarine cable system, improving Greece’s international connectivity.
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Lancom, a Greek provider, posted revenue growth of 31.58% to €6.75 million. EBITDA reached €2.9 million, and net profit grew to €1.8 million (+12.7%). The company operates three data centers in Athens and Thessaloniki, manages its own fiber network, and is working on the Balkan Gate project in Thessaloniki, as well as a planned fourth facility in Crete.
Local Impact for Spata-Artemida
For the municipality of Spata-Artemida, the concentration of data center projects means more than international recognition. It is expected to bring:
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New employment opportunities, both during construction and in ongoing operations.
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Upgraded infrastructure, particularly in energy supply and connectivity.
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Business opportunities for local companies involved in construction, logistics, and support services.
With several billion euros already committed, Greece is on a clear path to becoming a regional hub for data infrastructure. While investments are spread across the country, Spata and Paiania stand out as central locations, where some of the largest projects are already underway.
For Spata-Artemida, this marks a period of steady transformation, as the municipality takes on a growing role in Greece’s digital future.
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