- 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.
Established in 2018, ADQ is an Abu Dhabi-based investment and holding company with a broad portfolio of major enterprises. Its investments span key sectors of the UAE’s diversified economy including energy and utilities, food and agriculture, healthcare and life sciences, and mobility and logistics, amongst others. As a strategic partner of Abu Dhabi’s government, ADQ is committed to accelerating the transformation of the Emirate into a globally competitive and knowledge-based economy.
For more information, visit adq.ae or write to firstname.lastname@example.org. You can also follow ADQ on Twitter, Instagram and LinkedIn.
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