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2026-08-24T12:45:19.000Z

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Finance Ministry and PPI France agree on $5B export credit

Finance Ministry and PPI France agree on $5B export credit

The Saudi Ministry of Finance and BPI France Export Credit Agency have issued a joint statement to establish a credit line valued at up to 5 billion US dollars, aimed at strengthening economic and trade cooperation between the two countries. This line of credit will be used to finance and re-finance contracts with French companies, supporting projects in sectors such as infrastructure, urban development, transportation, and healthcare, in line with Saudi Arabia's Vision 2030 and France's 2030 plan. This step comes as part of efforts to enhance collaboration between the Kingdom and France in accordance with the "Roadmap for the Next Decade."

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