Saudi Finance Ministry approves $5B French credit
The Saudi Ministry of Finance has signed an agreement with BPI France Assurance Export to establish a credit line worth $5 billion to support the financing of contracts executed by French companies in the Kingdom. The goal is to enhance French companies’ participation in line with Saudi Arabia's Vision 2030. The line aims to finance and refinance current and future projects, while also strengthening investment relations between the two countries. French investments in Saudi Arabia are projected to double to €16.3 billion by 2024. France is considered the fourth-largest source of foreign direct investment in the Kingdom, with significant opportunities across sectors such as energy, finance, tourism, and digital infrastructure.
Notice: This Is an AI-Generated Summary
Comments (0)