Saudi Arabia, Greece strengthen ties on green energy and data connectivity

Saudi Arabia, Greece strengthen ties on green energy and data connectivity

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RIYADH: Saudi Arabia and Greece have signed a memorandum of understanding on Sunday grounded in renewable energy and have begun working on the setup of a cross-continent data link.

“Today (Sunday), we are going to be working with our Saudi counterparts over the signing of an MoU that is driven in renewable energy sources, and also the setup of a mutual project on setting up a fiber optic cable that will take data from Southeast Asia all the way to Central Europe,” said Kostas Fragogiannis, Greek deputy minister for economic diplomacy and openness.

“There has been a very good understanding so far, I believe that we are standing a couple of weeks behind signing the (data link) agreement,” he added.

Representatives from the two countries met in Riyadh on Sunday at the Saudi-Greek Investment Forum aimed at capitalizing on a long economic relationship that has slumped in recent years.

“There is a strategic, political, historic and friendly relationship between the countries that has not been capitalized as much in the economic framework,” Fragogiannis said.

“There seems to be a vision that is shared between the two leaders, and the idea behind this visit of ours to Saudi Arabia is to capitalize on the friendship and