72 Days
Source:
البلاد
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Rolan highlights partnership; Al Saif reports 16.3B euros in French Saudi investments
The meeting focused on strengthening investment ties between Saudi Arabia and France. The Minister of Investment reported that French direct investments in the Kingdom reached €16.3 billion in 2024, making France the fourth-largest source of this type of investment. He also highlighted that the Kingdom has experienced significant economic growth since 2017, with GDP increasing by 85% to approximately one trillion euros, and non-oil activities now representing more than 50% of the total output. There are extensive opportunities for investment in sectors such as energy, technology, industry, and financial services. Additionally, there is strong cooperation in the oil and gas sector, with an emphasis on renewable energy and clean technologies. French and Saudi officials encouraged companies from both nations to seize these opportunities to enhance their strategic partnership, focusing on economic diversification, expanding investments, and advancing clean energy initiatives.
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