Greece's New Economy Development Fund

UAE investment firm invites interest from local companies for cooperation

Mubadala Investment Company, the state investment firm of the United Arab Emirates, is preparing a set of investments worth 400 million euros in Greek enterprises in cooperation Greece's New Economy Development Fund (TANEO).

The emphasis will be on the sectors of tourism, healthcare, food and energy, to which end the two bodies yesterday issued an invitation of interest.

Mubadala, Taneo join forces to finance Greek growth

Mubadala Investment Company has signed a deal with Greece's New Economy Development Fund, known as Taneo, to create a 400-million-euro co-investment platform, the Abu Dhabi state fund said on Wednesday.

Under the agreement, Taneo and Mubadala will each contribute 200 million euros to invest in businesses with growth potential across key sectors of Greece's economy, Mubadala said.