UAE Announces Plan for €15 Billion in Additional Investment in Greece

The United Arab Emirates announced on October 22 its intention to invest an additional €15 billion in Greece under the countries' joint investment initiative. The announcement came during Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan's official visit to Athens. At the UAE–Greece Strategic Forum, Sheikh Khaled and Greek Prime Minister Kyriakos Mitsotakis witnessed 18 memorandums of understanding, agreements and commercial partnerships totaling €12.75 billion. The joint investment initiative began in May 2022 with €4 billion and has completed transactions in energy and healthcare, according to the UAE announcement.