Back to the complete issue
Tuesday, 24 November 2020

Google steers clear of Egypt with new Israel-Saudi fiber connection

Google steers clear of Egypt with new Israel-Saudi fiber connection: Google has begun work on a major new fiber optic network between Israel and Saudi Arabia that will serve as a major new transit for global internet traffic, the Wall Street Journal reports, citing sources familiar with the matter. Codenamed Blue Raman, the line has been strategically placed to lessen reliance on Egypt, which is one of the busiest internet transit points in the world. Most Europe-India lines pass through Egypt, heightening the potential for serious disruption should the cables be damaged.

Operators aren’t enamored with Telecom Egypt’s sky-high fees either: The state-owned company charges operators some of the highest fees in the world for lines that cross its territory, adding up to 50% of the cost of a connection between Europe and India, industry analysts say.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.