K Group, the international investment group of the Kyriakou family, and the Qatar Investment Authority (QIA), the Qatari investment fund, announce that they have created an investment fund with €1 billion of capital from QIA for Greece and abroad.

The Kyriakou Group will manage the fund (through its affiliated companies) and invest its own money as well. The fund will focus on a range of sectors, including technology, telecoms, transport, logistics, shipping, healthcare, tourism, and others, both in Greece and internationally, and will not target the media sector.

This deal adds to Kyriakos Group's existing partnerships with Middle Eastern business giants, as well as other international investors.

Thodoris Kyriakou, shareholder of K Group, said: "We are excited to launch this partnership with QIA. We believe that the Greek economy creates attractive prospects and opportunities for both domestic and international investors. This agreement is fully aligned with our long-term commitment to create sustainable and growing businesses in different sectors."

According to Mansoor Al-Mahmoud, CEO of QIA, "QIA's commitment to invest in Greece signals our confidence in the momentum of the Greek economy, which has been outpacing the Eurozone in terms of growth in recent years thanks to the attraction of foreign direct investment. Just as with QIA, K Group's philosophy is based on a long-term vision and a commitment to fast-growing sectors that offer solutions."