Greece, Saudi Arabia seal deal on data cable, discuss power grid link

RIYADH/ATHENS: Greece and Saudi Arabia on Tuesday sealed a deal to lay an undersea data cable that will connect Europe with Asia and discussed the possibility of linking their power grids to supply Europe with cheaper green energy.

Greece and Saudi Arabia agreed in May on the main terms of a planned joint venture to build a data cable, the so-called “East to Med data Corridor”, which will be developed by MENA HUB, owned by Saudi Arabia’s STC and Greek telecoms and satellite applications company TTSA.