What are key notes of New Saudi-Greek strategic council: Boost for defense, energy, EU ties
Introduction
On January 13, 2025, Greek Prime Minister Kyriakos Mitsotakis and Saudi Crown Prince Mohammed bin Salman co-chaired the inaugural meeting of the High-Level Strategic Cooperation Council (HLSCC) in Al Ula, Saudi Arabia.
This marks the first time Greece has established such a council with a Middle Eastern country, highlighting the strategic importance of the partnership.
The new Saudi-Greek Strategic Cooperation Council marks a significant milestone in the relationship between Saudi Arabia and Greece, highlighting their commitment to strengthening bilateral ties across multiple sectors. Here are the key points of this strategic partnership:
Defense and Security Cooperation
The two countries agreed on 19 initiatives related to security and defense issues, underscoring the importance of this aspect in their relationship.
They plan to enhance multi-dimensional cooperation in the defense and security field.
Energy Collaboration
Saudi Arabia and Greece agreed to form a technical team to study the prospect of Saudi Arabia exporting electricity and hydrogen to Europe via Greece.
They emphasized the importance of strategic cooperation in energy, including renewable energy generation, power grid establishment, and clean hydrogen production.
Economic and Investment Ties
The council agreed on 15 initiatives in the field of Trade and Investment, aiming to create a long-term economic partnership.
Several agreements and memoranda of understanding were signed between the private sectors of both countries, amounting to SR14 billion (approximately $3.7 billion) in various fields.
Regional Stability and Diplomacy
Both countries view each other as strategic partners, with Saudi Arabia seen as a key player for stability and prosperity in the region.
Greece reiterated its support for Saudi Arabia’s Vision 2030, while Saudi Arabia reaffirmed its support for Greece’s candidacy for non-permanent membership of the UN Security Council for 2025-2026.
Tourism and Cultural Exchange
The two sides agreed to strengthen bilateral relations in the tourism sector and raise awareness about both countries as tourist destinations.
Technology and Infrastructure
A data cable project agreement was signed to strengthen the infrastructure for data transmission between Asia and Europe.
European Union Connection
Greece is positioning itself as a bridge between Saudi Arabia and the European Union, potentially facilitating Saudi Arabia’s access to European markets.
Conclusion
This strategic council represents a comprehensive approach to bilateral relations, covering a wide range of sectors and aiming to boost cooperation in defense, energy, and EU ties. It reflects the evolving geopolitical landscape in the Middle East and the Mediterranean, as well as both countries’ ambitions to expand their influence and economic opportunities.
