Europe

United Arab Emirates companies and funds flow into the forum

Abu Dhabi Future Energy Company (Masdar) and Motor Oil have signed a memorandum of understanding on the potential development of a RES project in Greece.

Athens will host the Greece-UAE Business Forum on Wednesday and Thursday, with a delegation of investment funds from the United Arab Emirates and more than 60 representatives of companies visiting Greece.

Dozens of emirati companies in tourism, energy, agriculture, health and pharmaceuticals, transportation and infrastructure, waste management, including Emirates Telecommunications Corporation (Etisalat), ADQ, Abu Dhabi Investment Corporation (ADIA), International Petroleum Investment Company (IPIC), etc. Eagle Hills Properties LLC, Abu Dhabi National Energy Company (TAQA), Dubai Holding Group, Al Dahra Agricultural Company, Emirates airline, etc.

For example, ADQ has already signed a contract with the Hellenic Development Bank of Investments (HDBI) for a € 4 billion investment in the country since May. Meanwhile, with Mubadala, there is a contract for a joint investment of 400 million euros in startups and ventures. Capital.

The meeting between Greek and Emiratis companies follows senior-level bilateral communication and work done by Kostas Fragogiannis, Deputy Minister for Foreign Affairs and Economy, and his team.

In early May, Prime Minister Kiriakos Mitsutakis visited the UAE to meet with Sheikh Mohammed bin Zayed al-Nahyan, the successor to the throne and de facto leader of the United Arab Emirates. The Prime Minister expressed his intention to strengthen cooperation between the two sides, as attracting direct investment is a government priority.

During that trip, Abu Dhabi State Oil Company (ADNOC) and Motor Oil will have the opportunity to supply liquefied natural gas (LNG) cargo in Greece, including future floating liquefied natural gas storage and liquefied natural gas storage (FSRU). Signed a strategic framework agreement to explore. ) Of Diorigagas.

Abu Dhabi Future Energy Company (Masdar) and Motor Oil have also signed a memorandum of understanding on the potential development of the RES project in Greece.

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https://www.ekathimerini.com/economy/1187200/uae-firms-and-funds-flow-in-for-forum/ United Arab Emirates companies and funds flow into the forum

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