UAE, Greece sign $4.2 billion agreement
The UAE and Greece have become close allies in recent years.
The Abu Dhabi sovereign wealth fund ADQ announced today major new investments in Greece.
ADQ signed an “investment partnership” agreement with the Greek state-owned Hellenic Development Bank and the Greek sovereign wealth fund the Hellenic Development Bank of Investments worth 4 billion euros (about $4.2 billion). The three entities will invest in a variety of sectors in Greece per the agreement, including renewable energy, infrastructure, agriculture, technology, health care and life sciences, ADQ said in a press release.
