“By connecting the electricity grids, we can provide Greece, but also SW Europe, through Greece, with much cheaper energy from renewable sources,” said Mohammed Bin Salman.
The city of Niom, or “The Line”, a 170 km long linear city, an innovation city in the NW part of the country that will connect Jordan, Saudi Arabia and Egypt is now being built by the Saudis in the desert.
It will host 10 million people and become the hydrogen capital of the world, as the world’s largest plant opens there in 2026. By 2030 it will produce 4 million tons of hydrogen.
The kings of oil aspire to become pioneers in hydrogen as well, diversifying their economy.
In the available vast areas of the desert, countless renewable energy sources will be installed, the energy of which will be converted into zero-pollution hydrogen that will meet the city’s needs, and the rest will then be transported around the world via Greece.
The heir to the throne during his meeting with the Greek prime minister, in Athens, pledged that he can provide cheap and clean energy to the whole world, making Greece a hub for its distribution in Europe.
“By connecting the electricity grids, we can provide Greece, but also SW Europe, through Greece, with much cheaper energy from renewable sources,” said Mohammed Bin Salman.
“We would like to consider further opportunities, between our two venues, to expand economic cooperation and attract more Saudi investments to Greece,” said Kyriakos Mitsotakis.
A major Greek energy company signed a memorandum of cooperation for energy production and RES development.
The creation of a digital avenue that will upgrade the telecommunications structures is also among the cooperation plans of the two countries. The transfer of digital data will take place via a submarine cable that will pass through Greece
“A data cable that will carry digital data from Singapore, Malaysia to Marseille, passing through Saudi Arabia, Cyprus and Greece. The time for its implementation is 1.5 to 2 years”, stressed the Deputy Minister for Economic Diplomacy and External Affairs Costas Fragogiannis.
A total of 16 agreements are included in the Memorandum of Understanding signed by the two countries, which concern energy, food security, maritime transport and technology, bringing together 100 Greek companies with 40 Saudi ones.
SOURCE: ERT
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