The East to Med Corridor (EMC) is a new submarine and terrestrial cable data transmission system connecting Europe with Asia via Greece and Saudi Arabia.
The EMC project utilizes the geographical location of Greece and Saudi Arabia to create a data corridor necessary for the global economy, while placing the two countries at the center of transport, storage and data generation in Eurasia.
The EMC consortium comprises stc MENA HUB, Telecommunication Telephony Satellite Applications (TTSA, Greece), Public Power Corporation (PPC, Greece) and Cyta (Cyprus).
In the Greek-Saudi Business Forum on May 31, 2022, the CEO of MENA HUB, Fahad Alhajeri, the President and CEO of PPC, George Stasis, the CEO of CyTA, Andreas Neokleous, and the Executive Director of TTSA, Alexandros Sinkas signed the Heads of Terms regarding the obligations of each party in the implementation of the EMC project.
On July 26, 2022, Mena Hub, TTSA, PPC and Cyta signed the Shareholders' Agreement to form a joint venture for the EMC project.
The total cost of the EMC project is around USD 850 million. The completion of the project is estimated for the 4th quarter of 2025.