Greece and UAE Target €12 Billion in New Economic Growth
Prime Minister Kyriakos Mitsotakis stated that Greece and the United Arab Emirates have expanded their strategic ties, targeting massive new economic opportunities.
- Greece and the UAE surpassed their initial €4 billion direct investment target.
- New memorandums are expected to unlock up to €12 billion in economic benefits.
- Cooperation focuses on energy, food security, artificial intelligence, and infrastructure.
For investors and residents following the Greek market, the deepening ties with Gulf economies signal continued growth in infrastructure, energy, and technology sectors. Monitoring these large-scale bilateral agreements can highlight emerging opportunities in the local business landscape.
Expanding Economic and Strategic Ties
Prime Minister Kyriakos Mitsotakis announced that Greece and the United Arab Emirates have exceeded their target of attracting €4 billion in Emirati direct investment. Speaking at the Greece-UAE Strategic Forum, he noted that the bilateral relationship has evolved into an exceptional strategic partnership extending across trade, security, energy, and technology.
Mitsotakis described Greece as a natural bridge connecting Europe and the Gulf, emphasizing that regional stability and economic growth are deeply interconnected. He also highlighted the resilience and transformation of the Greek economy over recent years, noting declining public debt, falling unemployment rates, and robust foreign investment.
New Investment Milestones and Energy
The forum marked another milestone with numerous agreements expected to be signed, potentially unlocking an additional €12 billion in economic benefits. Mitsotakis pointed to key sectors such as renewable energy, energy storage, agri-food, and logistics as prime areas for future collaboration.
He specifically referenced investments by companies like Masdar and highlighted Greece's growing role as an energy gateway, including liquefied natural gas terminals and the Vertical Corridor supporting neighboring European countries.
Artificial Intelligence and Regional Connectivity
Technology and artificial intelligence were highlighted as major pillars for future bilateral cooperation. Mitsotakis mentioned the recent inauguration of Daedalus, Greece's national supercomputing system, noting that combining Emirati investment with Greek research talent will foster a robust innovation ecosystem.
Additionally, the leaders discussed the India-Middle East-Europe Economic Corridor (IMEC) as a strategic project designed to enhance trade, digital connectivity, and energy flows across three regions.
