Sheikh Khaled bin Mohamed, Crown Prince of Abu Dhabi, met Greek Prime Minister Kyriakos Mitsotakis in Athens and unveiled a new UAE plan to invest €15 billion (about $16.8 billion) in Greece. Greek Foreign Minister George Gerapetritis also took part in the talks. the investment expands a bilateral framework first signed in May 2022, when the two countries agreed a €4 billion joint investment initiative. Officials described the new pledge as building on "an important framework for developing and implementing strategic investments" between the two nations.
The funds are earmarked chiefly for energy, infrastructure, healthcare and advanced technology projects. The statement cited the UAE's confidence in Greece's economic strengths, its strategic location, and its role in linking European markets with regional and international ones as the basis for the expanded commitment.
Greece has in recent years sought Gulf capital to help close gaps in its infrastructure and energy sectors, while the UAE has used similar agreements to deepen its economic footprint in southern Europe. Specific details on how the €15 billion will be allocated across sectors, and the timeline for individual projects, have not yet been released; officials from both countries are expected to provide further specifics in the coming weeks.