UAE Ministry of Investment and the Ministry of Digital Governance of the Hellenic Republic have signed a Memorandum of Understanding (MoU) to create a framework for investments in digital infrastructure with a focus on data center projects in Greece.
The agreement was signed by His Excellency Mohamed Hassan Alsuwaidi, Minister of Investment of the UAE, and His Excellency Dimitris Papastergiou, Minister of Digital Governance of the Hellenic Republic.
The MoU between the UAE and Greece focuses on forging effective collaboration by building relationships between public and private organizations.
The agreement additionally proposes the implementation of incentives to support pertinent initiatives and aims to facilitate the exchange of knowledge. Data centers to be developed under this agreement can reach a total capacity of 500 megawatts.
Mohamed Hassan Al Suwaidi UAE Minister of Investment
“The signing of this agreement strengthens the growing bilateral economic ties between our two nations and denotes a shared vision that recognizes the crucial role of technology and data processing in shaping a digital economy. The planned investments in data center projects in Greece are set to contribute to the country’s rapidly growing digital infrastructure and provide businesses with additional opportunities to reap the benefits of digitization.”
The Greece Minister noted that, “Greece is on track to implement the Government’s strategic priority in establishing the country as a technological leader in the SE European region. The Ministry of Digital Governance is committed to fulfilling the Prime Minister’s vision in making Greece an attractive innovation hub, open to investments and geared towards the flourishing of the local technological ecosystem through strategic partnerships.”
“The agreement that was signed today is a testament of the Government’s commitment to solidify Greece as a hub for international data transfers therefore multiplying the impact of technological innovation on the country’s development trajectory while strengthening our international collaboration,” Dimitris Papastergiou added.
