UAE And Greece have signed a deal to advance digital infrastructure.
UAE and Greece have signed an agreement between the Ministry of Investment of the UAE and the Ministry of Digital Governance of the Hellenic Republic. The agreement was signed by Mohamed Hassan Alsuwaidi, UAE Minister of Investment, and Dimitris Papastergiou, Minister of Digital Governance of the Hellenic Republic.
Alsuwaidi said, “The signing of this agreement strengthens the growing bilateral economic ties between our two nations and denotes a shared vision that recognises the crucial role of technology and data processing in shaping a digital economy. The planned investments in data centre 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 digitisation.”
Papastergiou, said, “Greece is on track to implementing 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 of making Greece an attractive innovation hub, open to investments and geared towards flourishing the local technological ecosystem through strategic partnerships.”
The MoU between the UAE and Greece focuses on forging effective collaboration by building relationships between public and private organisations. The agreement additionally proposes the implementation of incentives to support pertinent initiatives and aims to facilitate the exchange of knowledge.
He added that the agreement signed today is a testament to the government’s commitment to solidifying Greece as a hub for international data transfers, multiplying the impact of technological innovation on the country’s development trajectory while strengthening international collaboration.
Under this agreement, data centres that can reach a total capacity of 500 megawatts are to be developed. The data centre market in Greece has witnessed unprecedented growth which was driven by the country’s Digital Transformation Strategy of 2020 – 2025. This policy is aimed at significantly transforming the companies across the Hellenic Republic into digital enterprises and also incorporating digital technologies across the economic sectors.
