Riyadh – Asdaf News:
At the ongoing Saudi-French Investment Forum in Paris, France, representatives from both countries saw the signing of 24 memorandums of understanding (MoUs) and investment agreements, totaling over $2.9 billion.
The Forum brought together decision-makers, business pioneers, entrepreneurs, and significant corporations from both countries.
Eng. Khalid bin Abdulaziz Al-Falih, the minister of investment for the Kingdom of Saudi Arabia, stressed the significance of the connection between the Kingdom and the French Republic as well as all other countries.
In order to open up new avenues for bilateral collaboration, he further highlighted the Kingdom’s readiness to work with French partners.
He also emphasized that the success of the Saudi-French Investment Forum is a sign of the two nations’ strong ties and a reaffirmation of their shared commitment to working together to further the prosperity of both countries.
The Minister stated that the memoranda of understanding and agreements made during the Forum provide chances for expanded investment and partnership in a number of disciplines and industries, including healthcare, clean energy, hospitality, and culture.
According to official figures, the volume of commerce between France and Saudi Arabia surged by more than 80% in 2022, reaching $11.5 billion.
The overall amount of French direct investment in the Kingdom, according to the research, is close to $6 billion, and there are now 43% more French businesses working in Saudi Arabia than there were in 2020.
