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.](/sites/default/files/styles/article_hero_medium/public/2022-05/greek.jpeg?h=efcd14fe&itok=aTomcS-J)
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.