Minister of Investment Receives French Minister Delegate for Foreign Trade, Economic Attractiveness

Minister of Investment Eng. Khalid Al-Falih received, a high-profile

French delegation from the public and private sectors decision-makers and business leaders, led by Franck Riester, Minister Delegate for Foreign Trade and Economic Attractiveness.

The Minister also inaugurated the Saudi-French investment workshops.
The various workshops were also attended by French business delegation and a number of Saudi and French leaders, in the fields of innovation, sustainability, energy, tourism, advanced manufacturing, as well as drugs and pharmaceuticals, which are sectors that hopefully will play key roles in achieving both the Kingdom’s Vision 2030 and France’s 2030 plan, SPA reported.

The workshops also included a discussion of the joint and mutual investment opportunities available between the two countries.
In conclusion, 27 MoUs and agreements were signed between institutions from the Saudi and French public and private sectors, with the aim of consolidating cooperation between the two countries in the targeted sectors.

Al-Falih stressed that the Saudi-French relationship has moved from a strong level to a stronger one in recent years, driven by the close relationship between the leaderships of the two countries and the common interests that unite them, including economic and investment interests, indicating that there are currently French investments, in the Kingdom of Saudi Arabia, worth over $30 billion and provide it with more than 30 thousand jobs, in a wide range of sectors, in addition to their economic and development value.