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Saudi Arabia and Greece Enhance Energy Ties and Secure Shipping Routes

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Picture Credit: AI-generated via OpenAI ChatGPT

Saudi Arabia and Greece are reinforcing their partnership in energy, investment, and security, marking a century of diplomatic ties. Saudi Crown Prince Mohammed bin Salman and Greek Prime Minister Kyriakos Mitsotakis, during discussions in Riyadh, emphasized the significance of safeguarding international shipping routes and maintaining steady energy supplies. Their joint statement highlighted concerns over potential attacks on energy infrastructure and the risks these pose to global energy markets and economic stability.

The leaders agreed to expedite efforts on a proposed electricity interconnection project that aims to enable power exchanges between Saudi Arabia and Europe through Greece. Additionally, they explored possibilities for Saudi Arabia to export clean hydrogen to Greece and the broader European Union, alongside initiatives in renewable energy and petrochemicals. Saudi Arabia’s role in stabilizing global oil markets through alternative export routes, such as the East-West Pipeline, received praise from Greece.

Beyond energy, the two nations committed to strengthening economic ties across sectors like infrastructure, logistics, and technology. With bilateral trade pegged at approximately $1.7 billion in 2025, both countries are keen to expand their commercial engagement. Digital connectivity was also a focal point, with progress on the EMC submarine cable project aimed at enhancing communications infrastructure between East and West being welcomed. Both nations pledged to work together to ensure its timely completion.

Saudi Arabia extended an invitation to Greek companies to invest in the Kingdom and partake in major development projects, including the Riyadh Expo 2030 and the 2034 FIFA World Cup. Conversely, Greece encouraged Saudi investors to explore opportunities within its transport, energy, logistics, and digital infrastructure sectors.

The discussions also covered strengthening defense and security cooperation, focusing on counterterrorism, cybersecurity, intelligence sharing, and professional training. Both countries reaffirmed their commitment to international climate agreements and collaboration in areas such as carbon management, artificial intelligence, and space technology.

This dialogue builds on the strategic partnership council established in 2022, underscoring the escalating importance of Saudi-Greek relations in enhancing energy security, international trade, and regional connectivity.

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