The international investment arm of the Kyriakou Family, called K Group, and the investment fund of Qatar, the Qatar Investment Authority (QIA), have announced the creation of a $1 billion investment fund for Greece and abroad.
About the Fund
The fund is expected to benefit Greece and the Greek economy in many ways, including through the creation of new jobs that will attract personnel with high levels of expertise.
Although the shareholder and Chairman of K Group, Theodore Kyriakou, is the Chairman of the Greek media Antenna Group, the announcement by K Group states that the fund will not target the media sector.
In the press release, Kyriakou said “We are excited to begin this partnership with QIA. We believe that the Greek economy creates attractive prospects and opportunities for domestic as well as international investors. This agreement is perfectly aligned with our long-term commitment to create sustainable and growing businesses in different industries.”
Meanwhile, the CEO of QIA, Mansoor Al-Mahmoud, said, “QIA’s commitment to investments in Greece signals our confidence in the dynamics of the Greek economy, which, driven by the attraction of foreign direct investment in recent years, continues to outpace the Eurozone in terms of growth rate. Just like QIA, K Group’s philosophy is based on a long-term vision and commitment to fast-growing industries that offer solutions.”
Political Context
Greeck Prime Minister Kyriakos Mitsotakis was in Qatar last February for a working visit, where he was received by the Emir of Qatar Sheikh Tamim bin Hamad Al Thani. The two reportedly discussed energy, investments and security issues.
In May, the Emir visited Greece, for the first time, where the President of Greece received him. The two countries further explored how they could deepen bilateral relations and Prime Minister Mitsotakis expressed Greece’s interest in attracting capital and investments from the wealthy Gulf State, especially in terms of energy-related projects.
K Group and QIA
K Group maintains a wide portfolio in shipping, media, real estate and asset management. K Group’s vision stems from its long history, its values and its long-term strategy for developing its existing and future investments. Its also maintains a broad portfolio of international media assets (TV, OTT, Radio, Cinemas, Digital Media, Music, Publishing and Education) in Europe, North America and Australia.
QIA is Qatar’s investment authority is one of the largest and most active sovereign wealth funds worldwide and was established in 2005 to manage the state’s reserve funds. QIA says that it invests in a wide range of asset classes and regions, and in partnership with leading institutions around the world, with the aim of creating a global and diversified investment portfolio with a long-term perspective.
Source: tovima.com
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Trump Tariffs Jeopardize Growth: Piraeus Chamber of Commerce
The tariffs, aimed at reducing the U.S. trade deficit, are expected to have both direct and indirect effects on the European economy
EU Condemns Trump Tariffs, Prepares to Retaliate
As tensions escalate, the EU is expected to continue negotiations with Washington while preparing for potential economic retaliation.
The Likely Impact of Trump Tariffs on Europe and Greece
Trump tariffs are expected to negatively affect economic growth in the Eurozone while Greece's exports could take a hit.
Motor Oil Results for 2024: Adjusted EBITDA of 995 mln€; Proposed Dividend of 1.4€ Per Share
Adjusted EBITDA for 2024 was down 33% yoy. The adjusted profit after tax for 2024 stood at 504 million euros, a 43% decrease from the previous year
Cost of Living: Why Greece’s 3% Inflation Is Raising Alarm
Greece appears to be in a more difficult position when it comes to price hikes, just as we enter the era of Trump’s tariffs.
Fitch Ratings Upgrades the Four Greek Systemic Banks
NBG’s upgrade reflects the bank’s ongoing improvements in its credit profile, Fitch notes in its report, including strong profitability, a reduction in non-performing exposures (NPEs), and lower credit losses
Trump to Announce Sweeping New Tariffs Wednesday, Global Retaliation Expected
With Trump's announcement just hours away, markets, businesses, and foreign governments are bracing for the fallout of one of the most aggressive shifts in U.S. trade policy in decades.
Inflation in Greece at 3.1% in March, Eurostat Reports
Average inflation in the eurozone settled at 2.2%, compared to 2.3% in February
Greece’s Unemployment Rate Drops to 8.6% in February
Despite the overall decline, unemployment remains higher among women and young people.
Jerry Kalogiratos Highlights Key Role of Energy Transition and Data Demand in LNG Outlook
Energy transition and the prospects of LNG were discussed at Capital Link’s 19th Annual International Maritime Forum, during a panel discussion with Jerry Kalogiratos (Capital Clean Energy Carriers Corp.)
![ΕΛΣΤΑΤ: Αυξήθηκε η οικοδομική δραστηριότητα κατά 15,6% το Δεκέμβριο [πίνακες]](https://www.ot.gr/wp-content/uploads/2025/03/DSC9655-2-1024x569-1-90x90.jpg)
