23 Hrs
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المدينة
Crown Prince's France Visit Boosts Trade
During Crown Prince Mohammed bin Salman's visit to France, 21 agreements and memoranda of understanding were signed to strengthen economic relations between the two countries. These covered sectors such as finance, energy, industry, aviation, healthcare, artificial intelligence, and entertainment. French investments in Saudi Arabia have exceeded $19 billion, with over 650 investment licenses across 18 sectors, reflecting the growing presence of French companies. A credit facility worth $5 billion was signed to finance projects by French companies, along with $3 billion in facilitation loans for electricity projects and grid development. Additionally, Saudi Aramco signed agreements with French companies valued at over $3.7 billion, and announced a Saudi entertainment project in France with investments reaching up to 6 billion euros. The cooperation was expanded to include artificial intelligence, industry, transportation, healthcare, and tourism, signaling a shift toward a diverse investment model that focuses on future sectors and supports Saudi Vision 2030.
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