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2026-08-25T15:12:19.620Z

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Saudi France 21 Agreements During Crown Prince Visit

Saudi France 21 Agreements During Crown Prince Visit

During the visit of Crown Prince Mohammed bin Salman, Saudi Arabia and France signed 21 agreements and memoranda of understanding aimed at strengthening cooperation across vital sectors including energy, industry, financial services, transportation, health, culture, and tourism. Notably, there was a €6 billion agreement to develop three entertainment parks in the Île-de-France region, and a $5 billion alliance to establish a credit line to fund projects related to infrastructure and urban development. Additionally, agreements valued at approximately $3.7 billion were signed between Aramco and various French companies, involving collaborations in oil projects, artificial intelligence technologies, and virtual twin systems. Contracts worth around €1 billion were also signed in the fields of public transportation and ports, along with investments of 400 million SAR in wastewater treatment. These agreements aim to enhance the economic partnership between the two countries, increase joint financing, and advance modern technologies such as artificial intelligence, reflecting the strength of their relationship and future aspirations to expand cooperation across various sectors.

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