
Diplomatic sources commented on the signing of an agreement between Greece and Saudi Arabia.
Characteristically they state that the “East to Med data Corridor” (EMC project) is a new submarine and terrestrial cable data transmission system that will connect Europe with Asia via Greece and Saudi Arabia. The project will make Greece the eastern gateway to the EU for data transfer and using the Kingdom of Saudi Arabia as a regional digital hub. The project is led on the part of Saudi Arabia by MENA HUB which belongs to STC group and from the Greek side by TTSA. PPC and CyTA Cyprus will also be shareholders in the project, pending final corporate approvals.
Today, the CEO of MENA HUB, Fahad Alhajeri, the President and CEO of PPC, George Stasis, the CEO of CyTA, Andreas Neokleous, and the Executive Director of TTSA, Alexandros Sinkas signed the Heads of Terms regarding the obligations of each party in the implementation of the EMC Project. The text of the final agreement is expected to be signed by the end of July 2022 and the implementation of the project is expected to begin in early autumn. The completion of the project is estimated for the 4th quarter of 2025.
According to the same sources, this is a historic project that utilizes the geographical location of Greece and Saudi Arabia to create a data corridor necessary for the global economy, while placing the two countries at the center of transport, storage and data generation in Eurasia. The Hellenic Republic and the Kingdom of Saudi Arabia are committed to making every effort to expedite the launch of this important and ambitious project.


Latest News

Mitsotakis Unveils €1 Billion Plan for Housing, Pensioners, Public investments
Greek Prime Minister Kyriakos Mitsotakis has announced a new set of economic support measures, worth 1 billion euros, aiming to provide financial relief to citizens.

Alter Ego Ventures Invests in Pioneering Gaming Company ‘Couch Heroes’
Alter Ego Ventures' participation in the share capital of Couch Heroes marks yet another investment by the Alter Ego Media Group in innovative companies with a focus on technology.

Corruption Still Plagues Greece’s Driving Tests
While traffic accidents continue to claim lives on Greek roads daily, irregularities and under-the-table dealings in the training and testing of new drivers remain disturbingly widespread

Pope Francis Died of Stroke and Heart Failure Vatican Confirms
As news of the official cause of death spread, tributes poured in from across the globe. The 1.4 billion-member Catholic Church is united in grief, remembering a pope who championed inclusion, justice, and compassion

Increase in Both Museum Visits, Revenues for 2024
As expected, the Acropolis was the top archeological site in the country, followed by Sounion, Mycenae, the ancient theater of Epidaurus, and Vergina in northern Greece

Where Greece’s Tourists Come From: A Look at 2025’s Top Visitor Markets
The United Kingdom continues to hold the top spot as the largest source of incoming tourism, with 5.6 million seats booked for Greece this summer — up 2.2% from last year. This accounts for 20% of all international air traffic to Greece

Pope Francis: A Pontiff Who Reshaped the Papacy and Sparked a Global Conversation
His first words from the balcony of St. Peter’s Basilica—“Brothers and sisters, good evening”—set the tone for a pontificate that would challenge norms, favor mercy over dogma, and bring the papacy closer to the people.

When Blue Skies was Unmasked as ND’s Political ‘Slush Fund’
The fact that so many top New Democracy (ND) party cadres were paid by the firm Blue Skies, owned by Thomas Varvitsiotis and Yiannis Olympios, without ever citing this publicly, raises very serious moral issues, regardless of the legality

Greek Women’s Water Polo Team Top in the World after 13-9 Win Over Hungary
The Greek team had previously defeated another tournament favorite, the Netherlands, to reach the final.

S&P Raises Greek Rating; BBB with Stable Outlook
S&P’s decision raises the Greek economy to the second notch of investment grade ladder, at BBB with a stable outlook.