Highlights
- The partnership agreement signed with the Hellenic Development Bank (HDB) and Hellenic Development Bank of Investments (HDBI) reflect ADQ’s position as a long-term investor in the Greek economy
- Investments accelerate funding to fuel growth in key sectors of Greece’s economy
- The Agreement forms part of ADQ’s strategy to seek long-term strategic partnerships that facilitate investments in key markets to generate sustainable returns
ADQ, an Abu Dhabi-based investment and holding company, has signed an investment partnership agreement with the Hellenic Development Bank (HDB), the national development bank of Greece, and Hellenic Development Bank of Investments (HDBI), the Sovereign Fund-of-Funds of Greece, to fund investments worth 4 billion euros across multiple sectors and asset classes of the Greek economy.
The event took place in Abu Dhabi in the presence of His Highness Sheikh Mohamed bin Zayed Al Nayhan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and His Excellency Kyriakos Mitsotakis, Prime Minister of Greece. The exchange of agreement was between His Excellency Kostas Fragogiannis, the Deputy Minister for Economic Diplomacy and Openness at the Greek Ministry of Foreign Affairs; His Excellency Ioannis Tsakiris, Deputy Minister for Development & Investments; and His Excellency Mohamed Hassan Alsuwaidi, Managing Director and Chief Executive Officer of ADQ.
The agreementunderscores the growing economic ties between the two countries and will drive significant investor interest in Greece. The three parties will invest individually and jointly, across target sectors including renewable energy, infrastructure, agriculture, technology, healthcare and life sciences, amongst others.
In 2021, the value of non-oil foreign trade between the UAE and Greece reached nearly AED 2.1 billion, with a 67% growth compared to 2020, reflecting a significant spike in growth compared to pre-pandemic levels.
About ADQ
Established in 2018, ADQ is an active global sovereign investor with a focus on critical infrastructure and supply chains. As a strategic partner to the Government of Abu Dhabi, ADQ invests in the growth of business platforms anchored in the Emirate that deliver value to local communities and long-term financial returns to its shareholder. ADQ’s expanding portfolio has a total book value of USD 225 billion (as at 30 June 2024) and encompasses companies across numerous core sectors of the economy, including energy and utilities, transport and logistics, food and agriculture, and healthcare and life sciences.
For more information, visit adq.ae or write to media@adq.ae. You can also follow ADQ on Instagram, LinkedIn, and X.
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