Organization for the Development of Crete S.A. (O.A.K. SA)

Name

Organization for the Development of Crete S.A. (O.A.K. SA)

Legal name

Οργανισμός Ανάπτυξης Κρήτης Α.Ε. (Organization for the Development of Crete S.A.)

Website

https://oakae.gr

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

Greek government-owned development entity headquartered in Chania that serves as the statutory operator and coordinator of Crete's water supply, irrigation, and road infrastructure, distributing 40 million cubic meters of water annually to municipal utilities, agricultural cooperatives, and tourism operators under EU co-financed programs.

Ownership category

akta.pro rank

Product category

Public Infrastructure Services

NAICS

Water, Sewage and Other Systems (2213), Water Supply and Irrigation Systems (221310), Utility System Construction (2371)

SIC

Water Supply (4941), Water, Sewer, Pipeline, Comm & Power Line Construction (1623)

akta.pro industry

PRIMARYEUAEAMAH

Water & Wastewater Infrastructure Asset Management

Energy, Utilities & Environment/Energy Infrastructure & Services (EPC, O&M, Field Services)/Energy Infrastructure Asset Management

SECONDARYEUANALAD

Design & Engineering for Renewal/Expansion (Pipelines, Pump Stations, Treatment Plants)

Energy, Utilities & Environment/Water & Wastewater Utilities/Utility Asset Management & Capital Programs (Pipes, Plants, Pumps)

SECONDARYAFACAFAH

Water Source Development & Conveyance (Intakes, Canals, Pipelines)

Agriculture & Food Production/Agricultural Services (Custom Farming, Agronomy, Veterinary)/Irrigation & Water Management Services (Design, Scheduling, Maintenance)

SECONDARYAFACAFAA

Irrigation System Design & Engineering

Agriculture & Food Production/Agricultural Services (Custom Farming, Agronomy, Veterinary)/Irrigation & Water Management Services (Design, Scheduling, Maintenance)

SECONDARYBPAIAMAE

Water Resources Administration (Watersheds, Rivers, Groundwater)

Business & Public Services/Public Sector & Government Administration/Environmental Protection & Natural Resources Administration

Keywords

• Water infrastructure management
• Irrigation network operations
• Road construction services
• Rural development programs
• Dam management services

Headquarters

HQ city

Chania (Χανιά)

HQ country

Greece

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Technology or R&D

Revenue model

1. Water Supply and Irrigation Fees: Revenue generated from water distribution services to 264,000 residents and 125,000 hotel beds, plus irrigation services covering 135,000 stremmata of agricultural land.
2. EU Funded Projects: Implementation of publicly funded infrastructure projects co-financed by European Union programs including ESPA, fisheries programs, and rural development initiatives.
3. Public Procurement Contracts: Revenue from construction and maintenance contracts for infrastructure projects including roads, dams, and hydraulic works through competitive bidding.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

O.A.K. SA is a Greek state-owned development organization that plans, builds, and operates major public infrastructure on Crete, including four dams, 430 km of irrigation networks, 70 km of water supply networks, 28 pumping stations, and the 310 km Northern Road Axis (ΒΟΑΚ). It distributes approximately 40 million cubic meters of water annually to 264,000 residents, 125,000 hotel beds, and 135,000 stremmata of agricultural land, while also implementing EU-funded LEADER/CLLD rural development and fisheries programs.

Product overview

Organization for the Development of Crete S.A. (O.A.K. SA) is a public development organization operating as a multi-module infrastructure management platform for Crete, Greece. The organization operates two interconnected core systems: (1) Hydraulic Infrastructure Management including water supply networks, irrigation networks (430 km in Western Crete), and dam management (4 major dams), and (2) Road Infrastructure Development managing the Northern Crete Road Axis (ΒΟΑΚ) spanning 310 kilometers. Supporting services include SCADA system operations for real-time infrastructure monitoring, strategic planning through the Master Plan for Hydraulic Works, and complementary development programs including LEADER/CLLD rural development initiatives and Fisheries Local Development programs. Research initiatives such as SmartLIK (IoT-based leak detection) and SIGMA Nexus demonstrate technology modernization efforts. The organization distributes 40 million cubic meters of water annually to 264,000 residents and 125,000 hotel beds while irrigating 135,000 stremmata of agricultural land.

Differentiator

Problem solved

Functional benefit

Products and services

• Hydraulic Works Infrastructure (Υδραυλικά Έργα)

Named customers5 records

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Five partnerships are on record, tiered minor and core.

• Development Company of Serres A.E. (Αναπτυξιακή Εταιρεία Σερρών Α.Ε.)minorStrategic or Co-development Partner · 1 January 2025Inter-territorial cooperation partner for good practices exchange on gastronomy and local products.
• Institute of Olives, Subtropical Plants & Vine (Ινστιτούτο Ελιάς, Υποτροπικών Φυτών & Αμπέλου)minorStrategic or Co-development Partner · 1 January 2018Technical cooperation for the development of irrigation infrastructure for olive and vineyard cultivation in Crete.
• Wageningen University (Ολλανδικό Πανεπιστήμιο Wageningen)minorStrategic or Co-development Partner · 1 January 2017Academic partnership involving visits by Dutch university students to O.A.K. infrastructure for research purposes, focusing on nature and quality of life research.
• Region of Crete (Περιφέρεια Κρήτης)coreStrategic or Co-development PartnerOngoing cooperation for water resource management and infrastructure development. Signed programmatic contract for management of Omalos Reservoir (June 2026).
• Local Irrigation Organizations (ΤΟΕΒ)coreStrategic or Co-development PartnerSigning of cooperation contracts for irrigation water supply and coverage of primary sector needs in Chania region (June 2026).

Scale indicators8 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• EYDAP (Athens Water Supply & Sewerage S.A.): Greece's largest urban water and wastewater utility serving Athens and surrounding municipalities. Closest direct functional peer to O.A.K. for water treatment, distribution network operation, and dam/reservoir management at scale.
• Egnatia Odos S.A. Greek state-owned highway infrastructure operator managing the Egnatia Odos motorway and supporting vertical axes. Closest peer to O.A.K.'s BOAK mandate — comparable public-sector entity responsible for planning, construction oversight, and operation of large strategic road corridors.
• DEYAH (Municipal Water Utility of Heraklion): Municipal water and wastewater utility for Heraklion. Functions as both an O.A.K. customer and operational counterpart in Eastern Crete — operates treatment and distribution assets that interface directly with O.A.K.'s Aposelemi-fed supply network.
• EYATH (Thessaloniki Water Supply & Sewerage S.A.): Major Greek regional water and sewerage utility serving the Thessaloniki metropolitan area. Directly comparable to O.A.K. as a regulated water utility operating dams, treatment plants, and distribution networks under Greek public utility law.
• Development Company of Serres S.A. Greek regional development organization responsible for water, irrigation, and road infrastructure in the Serres region. Closest structural peer to O.A.K. — similar mandate, organizational form, and EU-program-driven development role (and an existing O.A.K. partner).

Broad incumbents

• Public Power Corporation (PPC / ΔΕΗ): Greece's dominant state-controlled utility, primarily in power generation and distribution but with adjacent renewables and infrastructure interests. Comparable as a large Greek public utility operating under regulatory oversight, ministerial supervision, and EU-aligned capex programs.

Others

• Hellenic Agricultural Organization 'DEMETER': Greek public-sector agricultural research and support organization. Adjacent peer to O.A.K.'s irrigation and TOEB-facing agricultural mandate — operates complementary public programs supporting Greek agriculture, including irrigation research.
• Attiko Metro S.A. Greek state-owned entity responsible for metro/rail infrastructure development in Athens and Thessaloniki. Peer to O.A.K.'s BOAK mandate as a state-owned Greek infrastructure delivery organization dependent on EU co-financing and public procurement.
• ICAP S.A. Greek business information and credit rating services group. Tangentially comparable as another Greek public-interest corporate entity with regulated information products, useful as a benchmark for the structure of state-adjacent Greek corporate governance.

Emerging players

• Aegean Motorway S.A. Concessionaire operating the Athens–Thessaloniki motorway axis in Greece. Comparable to O.A.K. as a Greek road infrastructure operator with construction, maintenance, and tolling scope, though structured as a concession rather than a statutory entity.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/profile.php
• LinkedInlinkedin.com/company/organization-for-the-development-of-crete-s.a.-o.a.k.-sa-

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about Organization for the Development of Crete S.A. (O.A.K. SA)