The UAE Monday announced a $4.2 billion Investment Initiative to facilitate investments in the Greek economy across a wide range of sectors, reports say.
This came as part of several other agreements signed between the two countries as Prime Minister Kyriakos Mitsotakis concluded a state visit to the Gulf country.
He met with the Crown Prince of Abu Dhabi, Sheikh Mohammed bin Zayed Al Nahyan and both oversaw the signing of several agreements and memorandums of understanding (MoUs) panning multiple areas including investment, renewables, healthcare, advanced industries and technology.
The MoUs and agreements signed included an MoU on security cooperation, fighting organized crime and counter terrorism, an MoU to establish a $4.2 billion Investment Initiative to facilitate investments in the Greek economy across a wide range of sectors, a Strategic Framework Agreement between Motor Oil and the Abu Dhabi National Oil Company (ADNOC) to explore opportunities to supply LNG cargoes to Greece, as well as explore other cooperation opportunities between the two sides, an MoU between Masdar and Motor Oil to cooperate on decarbonizing the energy market in Greece and an MoU between Mubadala Investment Company and the Hellenic Development Bank of Investments (HDBI) to extend their partnership in the €400 million co-investment platform.
Both leaders also during the meeting exchanged views on a number of regional and global issues of mutual concern and relevant developments, including the Ukraine crisis.
UAE pledges to invest $4.2 bn in Greece
