Grid Telecom, a subsidiary of the Independent Power Transmission Operator (IPTO) of Greece, has partnered with the Dawiyat Integrated Telecommunications and Information Technology Company, a wholly owned subsidiary of Saudi Electricity Company (SEC) in Saudi Arabia, to build a new high-capacity cable system connecting Greece with the Kingdom of Saudi Arabia.
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Details of the New Cable System
The new cable system will link Saudi Arabia with the Greek island of Crete, extending westward to major destinations in Europe and eastward to the entire Arabian Peninsula.
Benefits and Future Projects
The partnership between Grid Telecom and Dawiyat Integrated will provide synergies for their participation in additional projects that create long-term value, such as the development of hyperscale-ready data centers and gateways between continents, the companies said in a joint statement on Tuesday.
Grid Telecom said, "In this framework, our collaboration with Dawiyat Integrated in building a new cable system will support the implementation of a new corridor between Greece and Saudi Arabia. Moreover, it will enhance the strategic role of Crete as a regional open-access interconnection node in the Eastern Mediterranean and the Balkans.”
"Our partnership with Grid Telecom in a consortium to build a new cable system will increase our network's resiliency and reach," said Dawiyat Integrated.
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"IPTO is already collaborating with Saudi Electricity Company (SEC) through its wholly owned subsidiary National Grid by establishing 'Saudi Greek Interconnection,' a special purpose company for conducting feasibility studies related to the implementation of the Greece-Saudi Arabia electricity interconnector." said IPTO.
"Now, by joining forces with Dawiyat Integrated, also wholly owned by SEC, we are building a new diverse cable link in the Eastern Mediterranean, bringing innovative telecommunications solutions to the region," IPTO added.
Dawiyat Integrated's Role in the Market
Dawiyat Integrated is the neutral wholesale service provider in the Kingdom of Saudi Arabia, with licenses to build and operate international cable systems and cable landing stations.
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The partnership between Grid Telecom and Dawiyat Integrated will bring advanced data transport solutions to the market, creating a new telecommunications bridge between Europe and the Middle East, the official release said.
