12 Hrs
Source:
الاقتصادية
Riyadh and Paris deepen economic ties
Saudi Arabia and France are celebrating the hundredth anniversary of their relations, during which their ties have expanded significantly in economic and investment sectors, while strengthening their partnership. Trade between the two countries has increased by 90% over five years, reaching 44.2 billion riyals in 2025, with a diverse mix of exports and imports—most notably, metal products from Saudi Arabia and machinery and pharmaceuticals from France. French investments in Saudi Arabia have also risen by 170%, reaching 69.5 billion riyals in 2024, up from 25.7 billion riyals in 2020. Additionally, memoranda of understanding have been signed to enhance cooperation across various fields, including tourism, culture, and urban planning. This shift reflects the transformation of their relationship from traditional trade to a long-term partnership supported by Saudi Arabia’s Vision 2030.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)