11 Hrs
Source:
الاقتصادية
Riyadh and Paris outline 13-sector partnership
The article focuses on strengthening economic and investment relationships between Saudi Arabia and France, with 13 key sectors forming the main axis of future cooperation projects. These include renewable energy and hydrogen, artificial intelligence, cybersecurity, and advanced industries. The historic visit of Saudi Crown Prince Mohammed bin Salman to France aims to advance this model of partnership, which goes beyond political relations to long-term investments. The strategies involve localizing French businesses in Saudi Arabia and enhancing collaboration in areas such as infrastructure and major projects, supported by an institutional framework that extends to joint agreements and strategies centered on manufacturing and technology transfer. Since 2025, trade volume has increased, reaching 8.3 billion euros, with a French surplus of 938 million euros, primarily driven by the aerospace and space sectors. The two countries are working to turn these relations into sustainable industrial partnerships that foster growth and mutual investment.
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