Etihad Etisalat (Mobily) signed a memorandum of understanding (MoU) with Telecom Egypt for the construction of the first subsea cable directly connecting the Kingdom of Saudi Arabia and Egypt. The MoU was signed in Riyadh, Saudi Arabia by Salman Al-Badran, CEO of Mobily, and Adel Hamed, managing director and CEO of Telecom Egypt. The MoU is part of Mobliy’s efforts to enhance its global infrastructure, boost the digital economy and provide digital solutions that align with the goals of the government’s Saudi Vision 2030.
Telecom Egypt has been a key partner for subsea cable projects globally, and has recently entered into an agreement to become a landing partner for Aqua Comms’ EMIC-1 cable project. Through this agreement, both companies will explore new ways to connect international capacity in Europe through Telecom Egypt’s network, to the GCC through Mobily’s network. Both companies’ networks will be expanded and interconnected with neighbouring countries.