Thursday, Oct 6, 2022
International Finance
Economy

Greece calls for continued Arab investment

EU-Arab World Summit drew more than 40 companies and financial institutions of the Arab world IFM Correspondent November 8, 2016: The Greek economy is recovering and stabilising after emerging from a six-year crisis. It is a crucial time for Greece and the world is closely watching every move. At the EU-Arab World Summit held in Greece in early November, Prime Minister Alexis Tsipras accentuated the...

EU-Arab World Summit drew more than 40 companies and financial institutions of the Arab world

IFM Correspondent

November 8, 2016: The Greek economy is recovering and stabilising after emerging from a six-year crisis. It is a crucial time for Greece and the world is closely watching every move.

At the EU-Arab World Summit held in Greece in early November, Prime Minister Alexis Tsipras accentuated the role of Greece as a pillar of peace, stability and security in the region. He pointed out that Greece is “a country with strong historical, cultural, economic and diplomatic ties with the Arab world (and) has been the port and bridge between Europe and the Middle East.”

The summit drew government representatives from the EU and several Arab countries, 15 investment funds, and more than 40 companies and financial institutions of the Arab world.

Mr Tsipras pointed out that Greece is strategically located and also noted the historical bonds linking Greece with the Arab world. Greece is ‘a country that systematically promotes, within the European Union and NATO, cooperation with Arab countries’.

He went on to explain how Greece is creating an environment that is ideal for investment by protecting investor interest of Arab participants in various sectors, as well as introducing pro-growth and business friendly reports. A new investment law has been introduced for this purpose, which will stabilise taxes and create smoother processes for permits.

“Greece is returning to growth,” Mr. Tsipras said.

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