Skip to content Skip to Search
Skip navigation

Egypt and Jordan to set up first sub-sea optic fibre cable

Creative Commons
A view of the Gulf of Aqaba from Aqaba City. The 'Coral Bridge' will serve as a vital communication link between Egypt and Jordan

Egypt and Jordan have agreed to set up their first joint submarine optic fibre cable in 25 years.

The so-called “Coral Bridge” will serve as a vital communication link between Aqaba in Jordan and Taba in Egypt, Ahram Online reported.

The deal to install the submarine cable, spanning the Gulf of Aqaba, was signed between Telecom Egypt (WE), Egypt’s first integrated telecommunications operator and one of the largest submarine cable operators in the region, and NaiTel, a telecommunications service provider in Jordan and the communication arm of the Aqaba Digital Hub.

Mohamed Nasr, the CEO of Telecom Egypt, said the name Coral Bridge was chosen because of the distinctive coral reefs of the Gulf of Aqaba.

The cost of the project cost was not given.

Egypt’s communication and information technology minister, Amr Talaat, said in October last year that the country had invested more than $600 million in developing the network of internet submarine cables.

Telecom Egypt announced last May the completion of the second and final landing in Egypt of the 2Africa subsea internet cable, which is the world’s longest undersea communications cable.

Latest articles

Flavio Cattaneo of Enel, of which Endesa is a subsidiary, and Mohamed Jameel Al Ramahi at the signing of the deal

Masdar buys stake in Spanish utilities company Endesa

The UAE’s state-owned clean energy company Masdar has agreed to acquire a minority stake in Spanish electric utility business Endesa to partner for 2.5 gigawatts (GW) of renewable energy assets in Spain. Under the agreement, subject to regulatory approval, Masdar will invest nearly $890 million to acquire a 49.99 percent stake in Endesa, with an […]

UAE markets Hong Kong

UAE capital markets partner with Hong Kong exchange

The Hong Kong Stock Exchange (HKSE) has added the Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM) to its roster of recognised marketplaces. The move opens the door for UAE-based companies to pursue secondary listings on one of Asia’s premier financial markets. It also follows the inclusion of the Saudi Exchange (Tadawul) […]

Person, Worker, Adult

Aramco and PIF invest in Saudi-Chinese steel venture

Saudi Aramco and the Public Investment Fund have doubled their investment in a steel plate joint venture with a Chinese company to $500 million. The two Saudi companies each own 25 percent shares in the new venture in Ras Al Khair industrial city, Bloomberg reported, quoting a statement published on the Chinese stock exchange. Chinese […]

Car, Transportation, Vehicle

Dubai Taxi to pay $43m dividend despite profit drop

Dubai Taxi Company, a subsidiary of the emirate’s transport regulator, has approved a dividend payout of AED159 million ($43 million) for the first half of 2024 despite a marginal 1 percent increase in net profit. Net earnings reached AED187.4 million in the first six months of the year, compared to AED186.3 million at the same […]