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  • SAUDI ARABIA BREAKING NEWS

Greece, Saudi Arabia To Sign Energy Deal, Crown Prince Says





ATHENS, GREECE - Greece and Saudi Arabia will sign a deal in renewable energy and discuss other investments and security, Saudi Crown Prince Mohammed bin Salman said on Tuesday in a meeting with Greek Prime Minister Kyriakos Mitsotakis in Athens.


'We can provide Greece and Southwest Europe through Greece with much cheaper renewable energy and get an MoU (Memorandum of Understanding) signed about that today', Prince Mohammed said, sitting alongside Mitsotakis.


Prince Mohammed's last official visit outside the Middle East has been to Japan in 2019 for a G20 summit.


Greece and Saudi Arabia agreed in May on the main terms to set up a joint venture to build a data cable, the so - called 'Wast 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.


A Greek diplomatic source has said that a deal on the undersea cable along with other agreements in energy and military would be signed.


'We will be signing important agreements and we will have an opportunity to further discuss regional developments', Mitsotakis said.


After Greece, Prince Mohammed will head to France.

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