According to the Greek prime minister’s office, Greece and the United Arab Emirates (UAE) agreed on Monday to jointly fund investments worth 4 billion euros ($4.2 billion) in the Mediterranean country and to explore expanded collaboration in the energy sector. According to his office, Prime Minister Kyriakos Mitsotakis met with Crown Prince Sheikh Mohammed bin Zayed al-Nahyan in Abu Dhabi and discussed measures to deepen bilateral ties as well as the impact of the Ukrainian conflict.
“It is critical to renew the successful relationship between the Hellenic Development Bank and Mubadala Investment Company, as well as to establish a joint initiative for investments worth 4 billion euros,” it stated. According to Mitsotakis, there is an opportunity for more renewable energy collaboration between the European Union and the UAE. “Greece has the potential to become a gate for natural gas from the Middle East to Europe due to its geographical location,” Mitsotakis remarked. “We’d want to look into the possibility of expanded strategic cooperation and the involvement of UAE finances in this direction.”