UAE, Greece sign $4.2 billion agreement
The UAE and Greece have become close allies in recent years.
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.
“Bilateral relations between the UAE and Greece have strengthened in recent years, particularly in the areas of trade and economic development,” said ADQ CEO Mohamed Hassan Alsuwaidi.
The Mubadala sovereign wealth fund in Abu Dhabi also renewed today its 400 million euro ($421 million) investment partnership with the Hellenic Development Bank of Investments, the Abu Dhabi Government Media Office said in a press release.
