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Saudi Finance signs $5B French loan
The Saudi Ministry of Finance has signed an agreement with "BPI France Export Credit Agency" to provide a credit line of $5 billion, aimed at supporting the financing of projects and contracts carried out by French companies in the Kingdom. This line is used to finance and refinance existing and future contracts, thereby boosting the participation of French companies in development programs aligned with Saudi Vision 2030. This step is part of efforts to strengthen investment relations between Saudi Arabia and France, where French direct investments in the Kingdom totaled €16.3 billion in 2024, with 150 investment licenses across 18 sectors, particularly in energy, finance, tourism, and digital infrastructure. France is also the fourth largest source of foreign direct investment in Saudi Arabia, with the relationship focusing on enhancing opportunities for French companies to expand in the Saudi market and on strengthening strategic partnerships between the two countries.
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