7/3/2022 -  Etihad Etisalat Company (Mobily) has signed a strategic Memorandum of Understanding (MoU) with Telecom Egypt to build the first submarine cable system to directly connect the Kingdom of Saudi Arabia to Egypt.

Per multiple media reports, the MoU was signed in Riyadh by Eng. Salman Al-Badran, CEO of Mobily, and Adel Hamed, Managing Director, and CEO of Telecom Egypt. The agreement explores various new ways to connect international capacity to Europe in the west, through Telecom Egypt’s network, and to the GCC in the east, through Mobily’s network, which is made possible by expanding the two companies’ networks and connecting them to neighboring countries.

The new cable system aims to meet the rising communication traffic and the large demand for such services between KSA and Egypt.

“By adopting cutting-edge technologies, we continue to expand our infrastructure and scale our capabilities across the KSA and the wider region,” said Salman Al-Badran, CEO of Mobily. “We are confident that our strategic partnership with Telecom Egypt will help achieve our goals.”

The investment allows Prysmian to rapidly transition the Jackson plant to optical cable and increase the production efficiency in other facilities across the region. Prysmian Group North America has 28 manufacturing facilities, eight distribution centers and six R&D centers. The investment also will enable digital inclusion in local communities across North America while supporting the needs of Prysmian’s customers.