Saudi Arabia and France have signed 24 agreements worth $2.9 billion at the France-Saudi Investment Forum, Zawya reported, citing the Saudi Press Agency.
The deals were inked across several sectors including energy, manufacturing, aviation, and healthcare.
Major agreements include:
- Saudi Arabia and French company SPIE signed a memorandum of understanding (MoU) to explore opportunities in the energy sector.
- Saudi Investment Ministry (MISA) inked an MoU with Vallourec for manufacturing of specialised fabrications for the energy industry
- MISA also signed an MoU with France’s Veolia to explore opportunities in waste management programs in the Kingdom
- A pact was finalised between Saudi Arabian Military Industries, Saudi Industrial Investments Co., and France’s Figeac Aero to produce aircraft parts in the Kingdom
- Alfanar Group and France’s Veolia signed an agreement to collaborate on water projects in the Kingdom