An umbilical for transfer of fluids and electric current/signals between the sea surface and equipment deployed on the sea bed, in particular in deep waters, is disclosed. The umbilical comprises a number of pipes (4, 4′) and electric conductors/wires (6, 6′) collected in a bundle, a filler material (10, 2, 3, 3′) lying at least partly around and between the pipes (4, 4′) and the conductors/wires (6, 6′), and a protective sheath (1) enclosing the pipes, conductors/wires and filler material. The load carrying elements (7) of the umbilical are light weighted rods (7′) of composite material that can either be collected in bundles or appear individually or in a combination thereof.