Strategic investment cooperation agreement between the Hellenic Development Bank, the Hellenic Development Investment Bank and the ADQ of the United Arab Emirates, which is expected to finance investments worth 4 billion. euros, in various sectors and chapters of the Greek economy was signed today in Abu Dhabi.
This is stated in a statement by the Ministry of Development and Investment, while it is underlined that the cooperation agreement signed with the Hellenic Development Bank and the Hellenic Development Investment Bank reflects the position of ADQ as a long-term investor in the Greek economy. Its investments are expected to accelerate the financing but also to support the development of key sectors of the Greek economy.
The agreement was ratified with the signatures between Ioannis Tsakiris, Deputy Minister of Development and Investment, and Mohamed Hassan Alsagwandi, CEO of ADQ, while the Prime Minister of Greece, Kyriakos Mitsotakis, as well as Menen Seich Z. were present during the event. Al Nahyan, crown prince of Abu Dhabi and supreme commander of the Armed Forces.
The agreement seals the development of economic ties between the two countries and is expected to lead to significant investments in Greece.
Hellenic Development Bank, Hellenic Development Investment Bank and ADQ are expected to invest separately and jointly in important sectors of the economy, including renewable energy sources, but also in infrastructure, agritourism, health technology and science projects, among others.
In addition, the investment company Mubadala and the Hellenic Development Investment Bank, agreed to expand their cooperation, to 400 million euros, to the already existing co-investment platform of 2018. The agreement was ratified by Haldun Khalifa Al Mubarak, CEO and CEO Mubadala company
After the signing, the Deputy Minister of Development and Investment, Ioannis Tsakiris, said: “Greece and the United Arab Emirates are creating a strong strategic cooperation in investments that promote growth and create opportunities for both nations. With the already proven course to create robust, tangible and dominant investment partnerships, ADQ is a strategic partner involved in the implementation of our economic development. a new development climate for young entrepreneurship in our country “.
ADQ CEO Mohamed Hassan Alsagwadi said: “Bilateral relations between the UAE and Greece have been strengthened in recent years, particularly in the areas of trade and economic development. Today’s agreement underscores ADQ’s commitment to building strategic partnerships “key structures, thus complementing our investment strategy and our ability to generate profitable investments. We are confident that our cooperation will accelerate investments that will contribute to the economic development of both nations.”
Source: AMPE
Source: Capital
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