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HomeInvestmentCyprus Talks to UAE Over European Subsea Cable Project

Cyprus Talks to UAE Over European Subsea Cable Project

Cyprus is actively exploring cooperation with the United Arab Emirates for a major subsea cable. The project links Europe to the eastern Mediterranean region. Moreover, it is financed by the European Union. Consequently, Cyprus reaffirmed its strong commitment to advancing the initiative.

Last week, European prosecutors launched an investigation into possible criminal offenses related to the project. However, Cyprus aims to maintain transparency and project viability. Additionally, it continues discussions with Greece and Israel, both supportive partners. Furthermore, delays have challenged the original timelines, yet Cyprus emphasizes continued political commitment.

Cypriot President Nikos Christodoulides and the foreign minister visited the UAE to discuss collaboration opportunities. For example, they explored a potential joint partnership to invest in related areas. Moreover, the meetings reinforced Cyprus’s strategy to attract international support. Meanwhile, Christodoulides did not comment on the European probe.

The subsea cable is being built by Greek transmission operator IPTO. It took over in late 2023 from a Cyprus-based operator with over a decade of work. Furthermore, project promoters claim it will become the world’s longest high-voltage cable. Additionally, it will reach the deepest point of 3,000 metres, covering 1,240 km. Therefore, the link could significantly enhance energy connectivity in the region.

Cyprus has repeatedly sought clarifications regarding project costs and potential liabilities. Moreover, authorities aim to ensure the project remains feasible despite unforeseen delays. They also review risk management strategies and long-term operational plans. Consequently, Cyprus demonstrates strong oversight and strategic planning for international infrastructure.

Importantly, the subsea cable project promises significant economic and strategic benefits for Cyprus and the UAE. For instance, it could boost trade, energy security, and regional investment. Additionally, technological knowledge and expertise will expand across both countries. Furthermore, joint initiatives may attract further international partnerships. Therefore, the project strengthens regional cooperation and long-term growth prospects.

Finally, Cyprus continues to engage partners and investors actively. Moreover, meetings with the UAE reflect the country’s commitment to regional energy cooperation. In addition, the subsea cable represents a technological and diplomatic milestone for Cyprus. Consequently, the project aligns with broader European energy security and regional integration goals.