ATHENS, Greece / RankWire.AI / – Under a collaborative investment initiative between the two nations, the United Arab Emirates intends to allocate an extra €15 billion into Greece. This development was revealed on October 22 during the official visit of Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, to Athens. The new pledge builds upon a €4 billion project introduced in May 2022, aiming to strengthen economic and strategic bonds.
According to the Abu Dhabi Media Office, this expansion will enhance cooperation across sectors deemed strategic and vital for both nations’ growth. The initial initiative provided a framework for joint investments in shared priorities and has already resulted in key transactions in energy and healthcare. Officials highlighted that these outcomes demonstrate the partnership’s ability to transform economic prospects into concrete investments. The additional funds supplement this existing framework.
During his visit, Sheikh Khaled met Greek Prime Minister Kyriakos Mitsotakis at the Prime Minister’s Office in Athens. Their discussions focused on ways to deepen collaboration in energy, infrastructure, healthcare, and advanced technology sectors. They also examined regional and global issues, emphasizing the importance of reinforcing security, peace, and stability. Greek Foreign Minister George Gerapetritis greeted the Crown Prince upon his arrival at Athens International Airport, underscoring the ongoing growth of bilateral relations.
Strategic forum results in €12.75 billion in agreements
The visit coincided with the UAE-Greece Strategic Forum held in Athens. During this event, agreements and commercial collaborations valued at over €12.75 billion were signed between entities from both countries. These deals encompass sectors such as digital infrastructure, artificial intelligence, renewable energy, industry, logistics, ports, healthcare, life sciences, and food security. It is important to note that these agreements are separate from the €15 billion investment commitment. Greek Prime Minister Mitsotakis attended the forum alongside senior officials representing both governments.
UAE Minister of Foreign Trade Thani bin Ahmed Al Zeyoudi commented that the agreements, along with the new €15 billion investment plan, reflect increasing confidence between the two economies. He emphasized that turning this momentum into actionable projects is now a priority. Describing the UAE as a hub for trade, investment, and connectivity, Al Zeyoudi highlighted Greece’s strategic position as a gateway to Europe. Greek Deputy Foreign Minister Haris Theoharis also participated in the forum.
Greece positioned as a bridge to European markets
The UAE stated that its decision underscores trust in Greece’s economic potential and investment capabilities. The country’s strategic location and its role in linking European markets with regional and global ones were also emphasized. The expanded initiative is expected to promote cooperation among investment bodies and companies from both nations, fostering innovation and knowledge exchange. The goal is to open new pathways for investment opportunities.
This announcement is part of a broader UAE strategy to establish enduring investment partnerships across Europe. In September, the UAE unveiled a €40 billion investment package for Germany across various sectors. The UAE has also increased negotiations with other European nations such as Italy. Officials noted that Greece’s initiative lays the groundwork for a new phase of collaboration that extends beyond financial commitments.