G42 signs initial pacts with Greek partners to develop AI infrastructure

Abu Dhabi-based artificial intelligence company G42 has signed a preliminary agreement with public and private entities in Greece to explore the development of AI infrastructure in the European country.

The deal was among 18 memorandums of understanding, agreements and commercial partnerships valued at €12.75 billion ($14.3 billion) that were signed between the United Arab Emirates and Greece during an official visit to Athens by Sheikh Khaled bin Mohamed, Crown Prince of Abu Dhabi. The pacts were finalised at the UAE-Greece Strategic Forum.

G42, together with five of its portfolio companies, also signed initial agreements with Greek organisations covering government services, life sciences and smart cities, the company announced on Friday.

Expansion of intelligence grid

The 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.

The intelligence grid encompasses the full AI value chain, spanning data centres, advanced computing, cloud infrastructure and industry-specific applications.

Under agreements with Greece’s Copelouzos Group, G42 subsidiaries Khazna Data Centres and Core42 will explore the establishment of an AI factory in Greece. Khazna will lead the development of the physical infrastructure, while Core42 will provide cloud and AI computing capabilities to support organisations in sectors including banking, telecommunications, shipping and government.

The deal “strengthens the country’s position as a strategic digital and energy hub in South-east Europe”, said Christos Copelouzos, chief executive of Copelouzos Group. The factory will support the digital transformation of the Greek economy, attract new investment and create highly skilled jobs, he added.

G42 has been working to help countries build domestic AI capabilities. In February, the company signed a framework agreement with a Vietnamese consortium to develop sovereign AI capabilities and cloud infrastructure across Vietnam.

Urban planning and life sciences

G42 subsidiary Presight will collaborate with Greece’s Ministry of Digital Governance to explore the use of AI-powered analytics and real-time intelligence capabilities focused on urban mobility and municipal operations. The collaboration will initially focus on deploying agentic AI to support municipal waste management and water network monitoring through analytics, G42 said.

“Cities generate enormous volumes of data every day, but their real value comes from turning that information into intelligence that improves how cities function and how people live,” said Thomas Pramotedham, chief executive of Presight.

Meanwhile, Inception42 will work with Greece’s Ministry of Digital Governance and Artificial Intelligence to apply agentic AI across government and education. Areas of focus include using AI-powered tools to support cabinet meetings and monitor progress against government priorities, training government officials to work with AI agents, and developing AI tutors and learning platforms to enhance educational outcomes.

Tech-enabled healthcare company M42 has also signed a preliminary pact with Athens LifeTech Park (ALTP) for a partnership covering life sciences research, genomics sequencing infrastructure, population genomics, clinical development and the linking of institutional biobanks. The deal aims to support biomarker research in priority areas including oncology, rare genetic diseases and neuroscience, the statement said.

The pact also includes a bilateral programme offering UAE life sciences start-ups a base at the ALTP Incubator to enter the European market, and providing Greek and European ventures access to the UAE through M42’s network.