Abu Dhabi technology group G42 has signed preliminary agreements with Greek government and private-sector partners to explore building an artificial intelligence factory in Greece and to use AI in government, life sciences and smart cities.
G42 and five of its portfolio companies signed the memoranda of understanding in Athens on October 22, the company said in a statement on Friday. It did not disclose an investment value or the planned capacity of the AI factory.
Under agreements with Greece’s Copelouzos Group, G42 units Khazna Data Centers and Core42 will explore developing the facility. Khazna would lead the physical infrastructure, while Core42 would supply cloud and AI computing capacity for sectors including banking, telecommunications, shipping and government.
“These agreements mark an important milestone in expanding G42’s Intelligence Grid across Europe, bringing together advanced compute infrastructure and proven AI platforms for government and industry,” said Mansoor Al Mansoori, chief executive of G42 International.
Christos Copelouzos, chief executive of Copelouzos Group, said the partnership strengthens Greece’s position as a digital and energy hub in Southeast Europe.
Presight will work with Greece’s Ministry of Digital Governance and Artificial Intelligence to explore AI-powered urban analytics, starting with municipal waste management and water network monitoring.
Inception42 will work with the same ministry on agentic AI in government and education. The areas include tools to support cabinet meetings, training officials to work with AI agents, and AI tutors for students.
M42 signed an agreement with Athens LifeTech Park covering life sciences research, genomics sequencing, clinical development and links between biobanks. It also sets up a program giving UAE life sciences startups a base at the park’s incubator to enter the European market.
The pacts were among 18 memorandums, agreements and commercial partnerships worth €12.75 billion ($14.3 billion) signed between the UAE and Greece during a visit to Athens by Sheikh Khaled bin Mohamed bin Zayed, Crown Prince of Abu Dhabi, The National reported.
The parties will now define the scope, structure and timelines of each project, subject to definitive agreements and regulatory approvals, G42 said.
