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Safi: 16.3 Billion Euros in French FDI in Saudi Arabia
Minister of Investment Fahad Sefiluly confirmed that the investment relations between Saudi Arabia and France are developing strongly, with foreign direct investment from France doubling to reach 16.3 billion euros in 2024. He pointed out that France is considered the fourth-largest source of investments into the Kingdom. He also noted the presence of 150 French investment licenses across 18 sectors, with a focus on energy, finance, tourism, and electronic gaming. Sefiluly highlighted the expansion of French companies into the Saudi market within the framework of Vision 2030, which has entered the implementation and achievement phases, offering significant opportunities for investment and growth. Additionally, he emphasized that the Saudi market is among the most liquid and fastest-growing markets in the Middle East, with French investments in renewable energy, and described the investment environment as supportive, strengthening relations and partnerships between companies from both countries.
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