Once completed, this project will result in the growth of the digital economy, which will be worth $15 trillion. Greece will open the gates for Europe to reach the Middle East via Saudi Arabia, which has 10% of the world’s undersea cables passing through its territory.
The Middle East is important for global internet connectivity since 17% of the world’s internet traffic also passes through underwater fiber-optic cables in Egypt’s Suez Canal, a key trade route. Besides fiber optic cables, Saudi Arabia is investing in OneWeb’s constellation of low-orbit satellites, which will provide internet connectivity for NEOM.
Most Innovative Companies comes to the Middle East this October! Click here to know more.