Saudi Energy secures $3B loan from French bank
The Saudi Energy Company has signed a cooperation agreement with the French investment bank valued at up to $3 billion to finance its projects for the development and expansion of the electrical grid. This took place on the sidelines of Crown Prince Mohammed bin Salman's visit to France. The agreement aims to provide competitive financing solutions for the company's projects, including the development and strengthening of the electrical grid, with the possibility of expanding collaboration to include other French companies and international investors. The overall goal is to support electricity infrastructure projects and to achieve sustainability and reliability within the grid.
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