Leveraging emerging trends in the global investment landscape, Greece is focusing on the dynamic growth of Artificial Intelligence (AI) and the Green Transition. During the Fireside Chat titled “Global Investment Trends: Opportunities for Greece in the Era of Artificial Intelligence and the Green Transition”, Giovanni Sandri, Head of Southern Europe at BlackRock, highlighted the country’s progress in attracting international capital through public-private collaboration.
Giovanni Sandri, Head of Southern Europe at BlackRock, emphasized that Greece faces strong competition from many countries in attracting international capital, especially as post-pandemic needs have significantly increased. Within this context, he highlighted that Greece has aligned itself with the best international practices for attracting investments – the collaboration between public and private funds.
He pointed out that Growthfund, particularly with the establishment of the new investment fund, is moving in this direction. “What we have observed in other countries is that public participation in a portion of the financing acts as a catalyst, unlocking significant investments from the private sector,” Mr. Sandri noted.
As an example, he referred to a past collaboration between BlackRock, Germany and France to develop energy infrastructure in developing countries across Asia and Africa. “In that case, for every dollar of public funding, we saw four dollars in private sector investment,” he concluded.
Through the discussion, it became evident that public-private collaboration serves as a key driver for attracting international capital. This synergy presents Greece with the opportunity to establish itself as a leading investment destination, promoting sustainable and innovative solutions that will benefit both the economy and society.