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المدينة
Saudi Arabia for Energy partners with French Public Investment Bank
Saudi Energy Company has signed a cooperation agreement with the French Public Investment Bank to finance its projects in the development and expansion of the electric grid, including projects related to GE Vernova. The goal is to provide competitive financing solutions and diversify funding sources. The agreement is a continuation of a memorandum of understanding from November 2025 and includes establishing financing relationships with BNP Paribas and HSBC, as well as working to expand the base of international lenders to enhance financial flexibility and support electrical infrastructure projects and grid stability in Saudi Arabia. This move reflects the company's commitment to leveraging international financing tools to strengthen the reliability and efficiency of the national electric grid and underscores the strategic partnership between Saudi Arabia and France.
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