Greece and Saudi Arabia seal deal to lay submarine data cable

·

Greece and Saudi Arabia have struck a deal to lay an undersea data cable that will connect Europe to Asia, Ekathimerini has reported.

The data cable link is worth a reported 800 million euros that would run under the Mediterranean Sea and be completed in 2025.

16 other business agreements and memorandums of cooperation worth over 4 billion euros were also signed in the field of energy and military cooperation.

The agreement came during a visit by Saudi Crown Prince Mohammed bin Salman to Athens, which was his first visit to a European Union member state since the assassination of Saudi journalist Jamal Khashoggi in 2018.

The agreement stressed the importance of strategic cooperation between Greece and Saudi Arabia in a number of issues of common interest in the field of energy, including the generation of electricity using renewable energy, the establishment of the power grid, and the export of electricity, produced using renewable energy to Greece, and to Europe via Greece.

Greece’s Deputy Foreign Minister for Economic Diplomacy, Kostas Fragogiannis, described the signing of the agreements as a “special moment” in bilateral ties between the two countries. 

“It is undoubtedly a success and encouraging,” he said.

Source: Ekathimerini.

Advertisement

Share:

KEEP UP TO DATE WITH TGH

By subscribing you accept our Terms of Service and Privacy Policy.

Advertisement

Latest News

From crisis to compassion: Timos Roussos and his family’s mercy mission in war-torn Cyprus

When Turkish troops landed on Cyprus on 20 July 1974, six-year-old Timos Roussos was sitting on the floor of his family’s home in Lemesos.

A granddaughter returns: Georgia Georgiou retraces her yiayia’s occupied village in Cyprus

When Georgia Georgiou handed over her Cypriot ID at the border checkpoint to cross into occupied northern Cyprus, she felt an ache.

‘You never get over it’: A childhood shattered by the Turkish invasion of Cyprus

On a warm July morning in 1974, 10-year-old Anastasia Di Loreto (née Karatzia) was jolted awake by the sound of bombs falling on Kyrenia.

Cyprus: The paradox of tolerance and impunity for Turkey

The lack of a unified, systematic and practical strategy on the part of Greece has led the Cyprus crisis into national disarray.

Lost homes and lingering hope: Greek-Cypriots reflect on Turkish invasion and its aftermath

From hidden stories to haunting memories, two Greek-Cypriot men share what it means to carry the burden of Cyprus’ past.

You May Also Like

Hellenic Women’s Federation of Victoria hold annual Protomagia festival

The Hellenic Women’s Federation of Victoria held its Protomagia Festival on Tuesday, May 7 at Maroondah Reservoir Park in Healesville. 

Greek and US defence officials meet in Washington

Greece's Minister of Defence, Nikos Panagiotopoulos met with the US Secretary of Defence, Lloyd J. Austin III on Monday at the Pentagon.

Koutsogiannis family share heartbreak after being denied last moments with dying dad

Tina Koutsogiannis shared how she was denied an exemption to see her father conscious for the last time at Concord Hospital.