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.

greek film festival sydney new

Advertisement

Share:

KEEP UP TO DATE WITH TGH

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

Advertisement

Latest News

The Greek Herald finalists lead the way in 2025 Greek International Women Awards

The Greek Herald’s own Dimitra Skalkos and Andriana Simos are finalists in the 2025 Greek International Women Awards.

Football Victoria honours South Melbourne FC legend Michalis Mandalis

The new Football Victoria Chair Angela Williams paid tribute to former footballer and long-time South Melbourne FC legend Michalis Mandalis.

Greek Orthodox community in Liverpool raises $20,000 for McGrath Foundation

The spirit of faith, community and compassion was on full display at the “Splash of Pink” charity afternoon tea.

WWII-era rifle used in Croydon Park shooting sparks firearm law debate

A WWII-era M1 Carbine rifle has become the focus of investigations into the Croydon Park shooting. Read more here.

PASOK intensifies pressure for reopening of GNTO Office in Melbourne

Pressure on Greece's Ministry of Tourism to reopen the Greek National Tourism Organisation (GNTO) Office in Melbourne is intensifying.

You May Also Like

‘Treat us as equals’: Turkish FM reiterates support of two-state solution in Cyprus

Turkish Foreign Minister, Mevlut Cavusoglu, has reiterated Turkey’s support for a two-state solution in Cyprus.

Fire and Rescue NSW works with multicultural communities

Fire and Rescue NSW is continuing to work with multicultural communities to deliver key home fire safety messages as the weather warms up.

Greek Australian Jeremy Boulton progresses to the Finals of IFAC Singing Competition

23-year old Jeremy Boulton, who has Greek Australian heritage, has progressed to the Finals of the IFAC Handa Australian Singing Competition.