ATHENS, Greece / RankWire.AI / – Amid ongoing efforts to strengthen economic ties across Europe, the United Arab Emirates has announced plans to increase its investment in Greece by an additional €15 billion, as part of a joint initiative between the two nations. The statement was made on October 22 during Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, visit to Athens. This new pledge builds upon a €4 billion program launched in May 2022, with the goal of bolstering economic and strategic cooperation.
According to the Abu Dhabi Media Office, this expansion will enhance collaboration across sectors deemed vital and aligned with both nations’ development priorities. The initial initiative provided a framework for collaborative investments in mutually beneficial sectors, resulting in notable transactions in energy and healthcare. Officials highlighted that these successes demonstrated the potential of the partnership to convert economic prospects into concrete investments. The newly allocated funds will supplement and extend the existing framework.
During his visit, Sheikh Khaled held talks with Greek Prime Minister Kyriakos Mitsotakis at the Prime Minister’s Office in Athens. Their discussions centered on expanding cooperation in energy, infrastructure, healthcare, and advanced technology. The leaders also examined regional and international developments. Emphasizing the importance of stability, both parties underscored the necessity of strengthening security, peace, and regional stability. Greek Foreign Minister George Gerapetritis was on hand to welcome the Crown Prince at Athens International Airport, exemplifying ongoing development in bilateral relations.
Strategic forum results in €12.75 billion in agreements
The visit coincided with the UAE-Greece Strategic Forum in Athens, where over €12.75 billion in deals and partnerships were signed between UAE and Greek companies. These agreements span multiple sectors, including digital infrastructure, artificial intelligence, renewable energy, industry, logistics, ports, healthcare, life sciences, and food security. It is important to note that these deals are separate from the €15 billion investment plan. Greek Prime Minister Mitsotakis participated in the forum alongside senior officials from both governments.
UAE Minister of Foreign Trade Thani bin Ahmed Al Zeyoudi stated that the agreements and the new investment plan reflect a rising confidence between the two economies. He emphasized that the focus now should be on transforming this momentum into productive projects. Describing the UAE as a hub for trade, investment, and connectivity, Al Zeyoudi also highlighted Greece’s strategic position as a gateway into Europe. Greek Deputy Foreign Minister Haris Theoharis was also present at the forum.
Greece viewed as an entry point to European markets
The UAE’s decision to expand its investment in Greece signals confidence in Greece’s economic resilience and investment potential. The country’s strategic location and its role as a connector between European markets and regional and international spheres are key factors. The expanded initiative aims to foster closer cooperation between investment entities and companies from both nations, while also promoting innovation and the exchange of expertise. The goal is to create new avenues for investment and economic growth.
This announcement is part of a broader strategy by the UAE to establish long-term investment partnerships across Europe. In September, the UAE unveiled a €40 billion investment package for Germany in various industries. Additionally, officials have increased dialogues with other European partners such as Italy. Experts say that Greece’s initiative paves the way for a new phase of cooperation, extending beyond mere financial commitments, towards deeper strategic engagement.