The UAE Minister of Industry and Advanced Technology and Managing Director and Group CEO of the Abu Dhabi National Oil Company, Dr. Sultan bin Ahmed Al Jaber, recently visited Greece to enhance the comprehensive partnership between the two nations. During this visit, progress was reviewed under the UAE-Greece Joint Investment Fund, which was established in May 2022 with a total value of €4 billion.

According to Dubai Eye 1038, Dr. Sultan Al Jaber met with Greek Prime Minister Kyriakos Mitsotakis, where he conveyed the greetings and best wishes of the UAE leadership to the government and people of Greece. He emphasized the UAE’s commitment to strengthening bilateral cooperation and expanding it into new strategic areas of mutual interest.

Additionally, Dr. Al Jaber held discussions with Kostis Hatzidakis, the Deputy Prime Minister of Greece, focusing on the implementation of the Comprehensive Strategic Partnership. They explored ways to deepen economic cooperation, expand investments, and advance ongoing joint projects. Meetings also took place with Nikos Dendias, the Minister for National Defence, to discuss potential partnerships in advanced industries and defence-related technologies.

An announcement during the visit confirmed the two countries’ agreement to continue implementing the existing UAE-Greece double taxation agreement. This agreement reflects their shared commitment to fostering a stable investment climate and enhancing economic collaboration.

The visit included a strategic dialogue titled “Forging the Next Chapter of Economic Partnership,” which was attended by representatives from various UAE and Greek public and private sector entities. This session highlighted opportunities for collaboration across multiple sectors, including energy, renewable energy, industry, advanced technology, infrastructure, and data centers.

Dr. Sultan Al Jaber also visited the headquarters of TERNA Energy, which was recently acquired by Abu Dhabi Future Energy Company (Masdar). He met with Georgios Peristeris, Executive Chairman of TERNA Energy, to review the company’s strategic plans and efforts to expand renewable energy projects in Southeastern and Central Europe.

The UAE delegation included notable figures such as Dr. Ali Al Dhaheri, UAE Ambassador to Greece, and executives from various UAE companies. In terms of trade, the total value of non-oil trade between the UAE and Greece reached AED 2.22 billion in 2024, marking a 6 percent increase from the previous year. In the first quarter of 2025, trade between the two countries grew by over 40 percent when compared to the same period last year.

This growth is attributed to a more than 140 percent increase in exports, a 46 percent rise in re-exports, and a 26 percent increase in imports. Over the past five years, non-oil trade between the UAE and Greece has seen an 80 percent growth, with exports increasing by 72 percent and imports by 84 percent. This sustained growth, averaging an annual rate of 16 percent, highlights the strength and long-term potential of the bilateral trade relations between the two nations.