24 Hrs
Source:
البلاد
Saudi Industry Opens French Market Access
The article highlighted the industrial boom in Saudi Arabia and the role of French companies in supporting and developing the country's industrial sector. It pointed out that the sector's growth is strengthening the presence of French companies through diverse investments in areas such as chemicals, advanced equipment, building materials, automobiles, healthcare, food manufacturing, and water technologies. By the end of 2025, the number of factories in Saudi Arabia reached 12,940, with industrial licenses issued worth nearly €17.1 billion, and 1,201 factories having entered the production phase. The Kingdom aims to increase its manufacturing capacity from 2.7 million tons to 11.5 million tons annually by 2035, supported by special economic zones and significant tax incentives. This strategy enhances Saudi exports to over 180 countries and opens broad opportunities for French companies to benefit from economic transformation projects aligned with Saudi Arabia’s Vision 2030. France's direct investments in Saudi Arabia totaled €16.3 billion in 2024, with 651 investment licenses across 18 sectors, reflecting the expanding footprint of French activity within the Kingdom.
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