UAE plans to invest further 15 billion euros in Greece
DUBAI: The United Arab Emirates (UAE) is investing an additional 15 billion euros ($16.81 billion) in Greece, the Abu Dhabi Media Office said on Thursday, building on an existing joint investment initiative. The investment was announced on the sidelines of an official visit to Greece by UAE Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan. During the visit, Sheikh Khaled met Greece’s…
The United Arab Emirates (UAE) is set to invest an additional 15 billion euros ($16.81 billion) in Greece, according to the Abu Dhabi Media Office. This investment comes on the heels of an existing joint investment initiative and was announced during a visit by UAE Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan to Greece.
During the visit, Sheikh Khaled met with Greece’s Prime Minister Kyriakos Mitsotakis to discuss potential expanded bilateral cooperation in various sectors, including energy, infrastructure, and healthcare. The new funds will augment the €4 billion commitment made by the UAE in 2022 under a joint investment initiative, though the specific investments have not been disclosed.
Earlier this year, UAE renewable energy company Masdar completed the acquisition of Greek firm Terna Energy, having fully taken control of the company after initially acquiring a 70% stake in 2024 at an enterprise value of €3.2 billion.
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