UAE–Greece forum, October 2026: €12.75bn in MoUs and a €15bn investment intention
UAE and Greek entities signed memoranda and agreements put at more than €12.75bn in Athens on 22 October, and the UAE announced an intention to invest a further €15bn in Greece.
At a glance#
| Item | Figure | Date | Source |
|---|---|---|---|
| MoUs, agreements and commercial partnerships announced | 18, total value "exceeding €12.75bn" | 22 Oct 2026 | Abu Dhabi Media Office; WAM |
| Additional UAE investment intention | €15bn, under the joint investment initiative | 22 Oct 2026 | Abu Dhabi Media Office |
| Original joint investment initiative | €4bn, launched May 2022; described by both sides as exceeded | 22 Oct 2026 | Same release; Greek PM's speech |
| Growthfund–HDBI–Mubadala | MoU to explore co-investments; no amount stated | 22 Oct 2026 | Growthfund press release |
What happened#
The Crown Prince of Abu Dhabi, Sheikh Khaled bin Mohamed bin Zayed, made an official visit to Athens on 22 October 2026. During the visit, Enterprise Greece hosted the UAE–Greece Strategic Forum, and the Investopia Mediterranean conference was held in the city for the first time.
According to the Abu Dhabi Media Office, the Crown Prince and Prime Minister Kyriakos Mitsotakis witnessed the announcement of 18 memoranda of understanding, agreements and commercial partnerships, with a total value of €12.75bn. The sectors listed were:
- digital infrastructure, advanced technology and AI;
- renewable and clean-energy infrastructure;
- industry, logistics, transport and ports;
- healthcare and life sciences;
- food security.
Separately, the UAE said it intends to invest an additional €15bn under the joint investment initiative launched in May 2022 with €4bn. The release states that the initiative has led to completed transactions in energy and healthcare. In his speech, Mr Mitsotakis said the €4bn target had been exceeded. He named Masdar and PureHealth as the landmark investors, and said the memoranda "have the potential of generating an additional 12 billion of economic benefits".
How to read the numbers#
These are intentions and frameworks, not completed investments. Three points matter.
- MoUs are not contracts. Most of the documents are memoranda of understanding. They set out an intention to cooperate, and usually commit neither side to a specific amount, site or timetable. The €12.75bn is the UAE side's aggregate figure; no breakdown by agreement was published.
- The €15bn is an announced intention. No investment vehicle, timetable or list of projects has been published so far.
- Counts differ between releases. The headline of the WAM release gives 18 documents, while the UAE Minister of Foreign Trade, quoted in the same release, refers to 17. ProtoThema lists 15. WAM's own headline on the €15bn omits the currency. We use the euro figures given in the Abu Dhabi Media Office text.
What has a primary source#
Growthfund, HDBI and Mubadala. The Hellenic Growth Fund (Greece's sovereign fund), the Hellenic Development Bank of Investments (HDBI) and Mubadala Investment Company signed an MoU at Investopia to explore co-investments in Greece (Growthfund release).
- Growthfund joins a framework that HDBI and Mubadala set up in 2022.
- The framework covers companies in HDBI's portfolio and the funds it backs, companies or projects linked to Growthfund's portfolio, and other opportunities.
- No amount was stated.
What has been reported only#
These items are reported by ProtoThema, 23 Oct 2026. We have not seen releases from the companies.
- AI data centre. Core42 and Khazna Data Centers with the Copelouzos Group, for AI infrastructure of an initial 24 MW, expandable to 80 MW. No investment amount, site or ownership split was reported.
- Green data centres. Khazna with Masdar Greece–TERNA ENERGY.
- Joint bidding. A planned joint venture between National Projects & Construction (Trojan group) and Archirodon to bid for projects in the Middle East and North Africa. The combined value of up to $10bn refers to the projects they could bid for, not to investment in Greece.
- Digital government. Agreements between the Greek Ministry of Digital Governance and Presight and Inception42.
- Agri-food, health and defence. MoUs involving Lulu Group, Elite Agro, M42 with Athens LifeTech Park, and Serdal Holding with ELPEN and ELMON.
Why it matters#
The forum adds Gulf capital to existing themes on this site:
- data-centre demand and grid access (see the electricity market and data-centre bill);
- renewables and storage (see energy investment signals);
- the broader FDI incentives framework.
We will move individual items into the deals tracker only when a party confirms a binding agreement, a value or a completion.
Sources#
- Abu Dhabi Media Office: UAE–Greece Strategic Forum, 22 Oct 2026
- Abu Dhabi Media Office: UAE intention to invest an additional €15bn, 22 Oct 2026
- WAM: UAE–Greece Strategic Forum, 22 Oct 2026
- WAM: UAE plans additional 15bn investment in Greece, 22 Oct 2026
- Prime Minister of Greece: speech at the UAE–Greece Strategic Forum, 22 Oct 2026
- Hellenic Growth Fund: MoU with Mubadala and HDBI, 22 Oct 2026
- ProtoThema: the Greece–UAE deals, 23 Oct 2026