PHOTO
Saudi Arabia and France have signed 24 agreements worth $2.9 billion at the France-Saudi Investment Forum, according to the state-owned Saudi Press Agency.
The deals include several sectors: clean energy, manufacturing, aviation, energy, and healthcare.
Major agreements include:
- Saudi Arabia and SPIE Group 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 signed an MoU with France’s Veolia to explore opportunities in waste management programs in the Kingdom
- An agreement was signed between MISA, Juman Industrial Investment Co. and France’s Gerflor to form a joint venture in the flooring and tiling industry
- 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
- MISA, Atlas Elevators and France’s Sodimas signed an agreement to manufacture escalators and elevators in the Kingdom
- Shurfah Holding Co. inked a deal with France’s Hoffmann Green Cement Technologies to boost green cement usage
- Alfanar Group and France’s Veolia signed an agreement to collaborate on water projects in the Kingdom
- Betalab and French company Genopole decided to build connections between Saudi and France deep-tech startups
(Writing by D Madhura; Editing by Anoop Menon)
