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.
