Greece to Sign Energy Deal with Saudi Arabia

Saudi Crown Prince Mohammed bin Salman says Greece and Saudi Arabia will sign a deal on renewable energy.

The deal comes following a meeting held between Saudi Crown Prince Mohammed bin Salman and the Greek Prime Minister, Kyriakos Mitsotakis in Athens.

Prince Mohammed’s visit to Greece is his first to a member state of the European Union since the 2018 killing of Saudi journalist Jamal Khashoggi.

“We can provide Greece and Southwest Europe through Greece with much cheaper renewable energy and get a Memorandum of Understanding, MOU signed about that today,” Prince Mohammed said.

Joint Venture
Greece and Saudi Arabia agreed in May on the main terms to set up a joint venture to build a data cable, known as the “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.

Report says that the 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.

Mitsotakis was among Western leaders who have visited Riyadh since the murder of Khashoggi at the Saudi consulate in Istanbul, which sparked an outcry in the West and tainted the prince’s image as a reformist pushing to open up Saudi Arabia, the world’s top oil exporter.

REUTERS/CO