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Cyprus talks to UAE over European subsea cable project, president says

Published by Global Banking & Finance Review

Posted on September 8, 2025

2 min read

· Last updated: January 22, 2026

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Cyprus talks to UAE over European subsea cable project, president says
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NICOSIA (Reuters) -Cyprus has approached the United Arab Emirates for possible cooperation on an EU-financed subsea power cable linking Europe to the eastern Mediterranean region, it said on Monday,

Cyprus Engages UAE for Collaboration on European Subsea Cable Project

NICOSIA (Reuters) -Cyprus has approached the United Arab Emirates for possible cooperation on an EU-financed subsea power cable linking Europe to the eastern Mediterranean region, it said on Monday, reaffirming its commitment to the project.

European prosecutors said last Thursday that they had launched an investigation into possible criminal offences relating to the 1.9 billion euro ($2.2 billion) cable to link Greece with Cyprus and later to Israel, a project all three countries say they support despite a series of delays.

"To cite just one example that proves this political commitment of ours, I myself and the foreign minister visited the United Arab Emirates," Cypriot President Nikos Christodoulides told reporters after comments from Greek Prime Minister Kyriakos Mitsotakis at the weekend urging Cyprus to clarify its views on the matter.

"I met with the president of the country precisely to discuss this issue and to consider the possibility of a joint partnership ... to invest in other areas related to this project."

Christodoulides did not comment on the European investigation announced last week.

The cable is being built by Greek transmission operator IPTO, which took over in late 2023 from a Cyprus-based operator that had been working on the project for about a decade.

Project promoters say the link would be the world's longest high-voltage cable at 1,240 km (770.5 miles) and also the deepest, at 3,000 metres.

Cyprus has repeatedly sought clarifications on the total cost of the project, its viability and any liabilities for unforeseen delays.

($1 = 0.8532 euros)

(Reporting By Michele KambasEditing by David Goodman)

Key Takeaways

  • Cyprus is in talks with the UAE for subsea cable collaboration.
  • The project aims to connect Europe with the eastern Mediterranean.
  • An investigation into the cable's financial aspects is ongoing.
  • Greek IPTO is now leading the cable construction.
  • The cable will be the world's longest and deepest of its kind.

Frequently Asked Questions

What is the purpose of the subsea cable project?
The subsea cable project aims to link Europe with the eastern Mediterranean region, enhancing energy connectivity.
Who is involved in the construction of the cable?
The cable is being built by the Greek transmission operator IPTO, which took over the project from a Cyprus-based operator.
What are the dimensions of the subsea cable?
The cable will be the world's longest high-voltage cable at 1,240 km (770.5 miles) and the deepest at 3,000 meters.
What concerns has Cyprus raised regarding the project?
Cyprus has sought clarifications on the total cost, viability, and any liabilities for unforeseen delays related to the project.
What recent investigation was announced regarding the cable?
European prosecutors have launched an investigation into possible criminal offenses relating to the 1.9 billion euro cable project.

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