Riyadh sends a signal for new investments in Greece – The results of the meeting K. Mitsotakis – Prince Bin Salman

By Dimitris Gatsiou

Prime Minister Kyriakos Mitsotakis and the Crown Prince of Saudi Arabia reaffirmed the close bilateral relations and the expansion of the dynamically developing Greek-Saudi cooperation at the Maxim Palace meeting, with Riyadh sending a signal for new investments in our country, which will make it , among other things, an energy hub for the whole of Europe.

“By connecting the electricity grids, we can provide Greece and south-east Europe through Greece with much cheaper renewable energy and we will sign a memorandum of understanding on this today. We are also concerned with hydrogen and how to make Greece a hub for Europe in terms of hydrogen, this is a game-changer for both countries.We are also working on interconnecting the telecommunications network.

These three are all important issues that are going to change the position of Greece and Saudi Arabia and will support Europe, especially southern and western Europe, with much cheaper and efficient energy coming from renewable sources,” stressed Mohamed Bin Salman, in the dialogue he had with Mr. Mitsotakis, in front of the television cameras. The intention of Saudi Arabia for new investment placements was expressed in a key phrase of the crown prince. “I promise you that when I come to Greece, I will not I will come empty handed. We have many issues that will change the facts for both our countries, but also for the entire region.”

Government officials express Athens’ satisfaction for the tangible economic and geopolitical results produced for Greece by the crown prince’s first visit to European soil since April 2018. With the first big bet, the exit from the regime of enhanced supervision, conquered and the big goal of conquering the investment grade on the horizon, the signals from Saudi Arabia for new investments give further impetus to the Greek economy.

Not by chance, during the meeting at the Maximos Palace, Mr. Mitsotakis presented to the Crown Prince the initiatives that our country has undertaken, in order to become an energy hub that connects the wider region with the European markets, as well as the new investment opportunities that Greece offers in areas such as:

The tourist infrastructures

-The real estate market.

– Maritime transport.

– The logistics.

-The port infrastructure and the land transport network in Alexandroupolis.

At the same time, the two leaders focused their attention on the new prospects that are opening up for cooperation in digital interconnectivity, with the transformation of the two countries into important regional data centers thanks to their geographical location.

-Eleven plus one accords.

After the meeting of the Prime Minister with the Crown Prince of Saudi Arabia, which, as noted, took place in a positive atmosphere, important agreements were signed between the government ministers and the ministers accompanying Mohammed Bin Salman, on his visit to the Greek capital. The agreements relate to:

– The establishment of a Supreme Council of Strategic Cooperation.

-The energy.

-Military cooperation.

-Bilateral investments.

-Scientific and technological cooperation.

-Health.

-The fight against crime.

-Culture and sports.

– Technical cooperation in the fields of standardization and quality.

– Collaboration in archiving and file management.

The deal that stands out, however, is related to the construction of the undersea-land cable data transmission link between Asia and Europe, via Saudi Arabia, Cyprus and Greece, which will enter the…rails of implementation from next autumn .

It is, as government officials emphasize, a move that essentially upgrades the position of our country and turns it into a hub for the storage and distribution of data in the region of southeastern Europe, bringing tangible economic and geostrategic benefits. The project, with a total budget of one billion euros, will connect 39 stations in 33 countries.