Skip to main content

UAE, Greece sign $4.2 billion agreement

The UAE and Greece have become close allies in recent years.
Prime Minister Kyriakos Mitsotakis (L) and Heir to the Throne of Abu Dhabi Mohammed bin Zayed Al Nahyan, May 9, 2022.

The Abu Dhabi sovereign wealth fund ADQ announced today major new investments in Greece. 

ADQ signed an “investment partnership” agreement with the Greek state-owned Hellenic Development Bank and the Greek sovereign wealth fund the Hellenic Development Bank of Investments worth 4 billion euros (about $4.2 billion). The three entities will invest in a variety of sectors in Greece per the agreement, including renewable energy, infrastructure, agriculture, technology, health care and life sciences, ADQ said in a press release. 

Access the Middle East news and analysis you can trust

Join our community of Middle East readers to experience all of Al-Monitor, including 24/7 news, analyses, memos, reports and newsletters.


Only $100 per year.