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Economy

Gov’t Sources on PM’s Visit to UAE: Joint Initiative for €4B Investments in Greece

ATHENS – Prime Minister Kyriakos Mitsotakis on Monday paid an official visit to Abu Dhabi. This is his third visit to the country since 2020, which marks the will of both countries to further strengthen relations and their strategic character.

Government sources said that in the meeting between Prime Minister Kyriakos Mitsotakis with the Crown Prince of Abu Dhabi, Sheikh Mohamed bin Zayed Al Nahyan, the prospects of further deepening and expansion of the excellent bilateral relations were discussed.

Additionally, important agreements were signed in the fields of investment, economic and technical cooperation, industry and advanced technologies, climate action, energy, health, police cooperation and standardisation.

According to the same sources, these are agreements that consolidate and deepen the rapidly growing strategic cooperation between the two countries. Of major importance to the development of economic relations is the renewal of the successful cooperation of the Hellenic Development Bank with the state investment fund Mubadala and the creation of a joint initiative to make investments Greece amounting to 4 billion euros, highlighting its appeal as a global investment destination.

The two leaders exchanged views on developments in the Eastern Mediterranean and in the Middle East. The prime minister informed about the provocative behaviour of Turkey and reiterated that it not only complicates the bilateral communication, but endangers the stability in the region.

Developments in Ukraine and the new conditions in the European and international security environment were also discussed. The prime minister stressed that geopolitical developments demonstrate the need for an EU-UAE rapprochement on security, energy and green transition.

Finally, the need to address global environmental challenges and strengthen bilateral cooperation in this regard, in view of the organisation by the UAE of the 28th Conference on Climate Change (COP28) in 2023 was discussed.

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