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 Prime Minister Kyriakos Mitsotakis and held talks to explore expanded bilateral cooperation in areas including energy, infrastructure and healthcare.
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The new funds will add to €4 billion committed in 2022 under a joint investment initiative, the Abu Dhabi Media Office said in a statement without disclosing specific investments.
Last year, UAE renewable energy company Masdar said it had fully acquired Greek firm Terna Energy after buying a 70% stake in 2024 at an enterprise value of €3.2 billion.