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Saudi-France talks on key investments
Today in Paris, a French-Saudi Investment Roundtable meeting was held, chaired by the Saudi Ministry of Investment, with the participation of senior officials and business leaders from both countries, as part of Crown Prince Mohammed bin Salman's visit to France. The meeting focused on strengthening cooperation and investment between the Kingdom and France, where France's direct investments in Saudi Arabia are projected to reach 16.3 billion euros in 2024, representing key sources of investment in sectors such as energy, technology, and industry. Minister Fahad bin Abduljalil Al-Seef explained that the Saudi economy has grown by 85% since 2017, with non-oil activities now constituting more than 50% of the GDP, and investment flows amounting to 6.1 billion euros in the first quarter of 2026. The meeting emphasized investment opportunities in clean energy, finance, infrastructure, gaming, and tourism, while inviting French companies to showcase their high-potential projects in Saudi Arabia. The leaders also discussed the importance of strategic partnerships and cooperation in oil, gas, and renewable energy, with continued efforts to establish joint projects and expand economic relations between the two countries. There was consensus on increasing trade volume between Saudi Arabia and France to $12 billion by 2025, and on enhancing French companies' presence in the Saudi market, reflecting growing economic collaboration and future integration across various sectors.
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