Crown Prince Assesses Expanding UAE Portfolio in Greece | AI-Generated Image

Abu Dhabi Crown Prince Assesses Expanding UAE Portfolio in Greece

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Financial Arabia NewsDesk is the desk responsible for Financial Arabia's daily news coverage, monitoring and reporting developments across the Gulf from official sources, including national news...

Sheikh Khaled bin Mohamed bin Zayed Al Nahyan the Crown Prince of Abu Dhabi reviewed a detailed presentation on the UAE’s strategic projects and investments in Greece the Emirates News Agency reported. The assessment took place in Athens where the Crown Prince also held discussions with Greek Prime Minister Kyriakos Mitsotakis on ways to broaden cooperation in energy infrastructure and healthcare. According to the Abu Dhabi Media Office the session underscored the deepening economic partnership between the two countries which has evolved significantly since diplomatic relations were established 50 years ago.

The UAE intends to invest an additional €15 billion in Greece over the next five to eight years the Emirates News Agency quoted Minister of Foreign Trade Dr Thani bin Ahmed Al Zeyoudi as saying. That commitment builds on an earlier €4 billion joint investment initiative launched in 2022 which the Greek Prime Minister’s Office has said has already been surpassed through completed transactions in energy and healthcare. Al Zeyoudi told the Emirates News Agency that the new funds would target sectors including energy hospitality artificial intelligence technology industry and infrastructure.

Eighteen memoranda of understanding agreements and commercial partnerships valued at €12.75 billion were signed at the UAE-Greece Strategic Forum Reuters reported. The pacts cover digital infrastructure advanced technology artificial intelligence renewable energy logistics healthcare life sciences and food security according to a statement from the Abu Dhabi Media Office. The forum which the Crown Prince and Mitsotakis both attended formed part of the Investopia Mediterranean programme that convened officials investors and business leaders from both sides.

G42 of Abu Dhabi signed pacts with Greek public and private entities to explore artificial intelligence infrastructure development The National reported. Those agreements include plans by subsidiaries Khazna Data Centres and Core42 to build an AI factory combining data centre capacity with cloud capabilities while Presight will collaborate with Greece’s Ministry of Digital Governance on applications for urban mobility waste management and water monitoring. Separately Masdar completed the full acquisition of Greek renewable energy firm Terna Energy last year following an initial 70 percent stake purchase in 2024 at an enterprise value of €3.2 billion Reuters noted.

Bilateral trade between the UAE and Greece reached $300 million in the first half of 2026 an increase of 13 percent from the same period a year earlier despite regional geopolitical tensions the Emirates News Agency cited Al Zeyoudi as stating. The minister described Greece as a key logistics hub and historic gateway to Eastern Europe whose maritime capabilities enhance its strategic value for UAE investors. Al Zeyoudi added that the Greek economy’s transition from earlier debt challenges has created further opportunities for collaboration in hospitality logistics fisheries agriculture and energy technology.

The Crown Prince’s visit coincided with progress on a renewed three-year agreement between Mubadala and the Hellenic Development Bank of Investments as well as discussions on a potential Greek-Emirati construction joint venture targeting up to $10 billion in projects across the Middle East and North Africa ProtoThema English reported. Those initiatives reflect continued private-sector momentum that has seen UAE entities move beyond the initial 2022 framework into new areas such as green data centres and smart-city applications. Officials from both countries have indicated that negotiations on a broader UAE-European Union free trade agreement have also advanced in recent rounds according to the minister’s briefing with the Emirates News Agency.

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Financial Arabia NewsDesk is the desk responsible for Financial Arabia's daily news coverage, monitoring and reporting developments across the Gulf from official sources, including national news agencies and government communications. Its focus is accurate, timely and factual coverage of the region.