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French companies committed to increasing and diversifying investment in Saudi Arabia, says France’s trade minister

RIYADH: With direct investment amounting to more than €3.7 billion ($4.37 billion), France is one of the largest investors in Saudi Arabia. Projects relating to the Vision 2030 program to diversify the Saudi economy offer yet more opportunities for strengthening the bilateral partnership. France is keen to share its expertise in such fields as energy, water, transport, new technology, and aerospace.

For Saudi investors, France’s innovation ecosystem and location make it an ideal gateway for trade with the EU. Franck Riester, French minister delegate for foreign trade and economic attractiveness, touched on these…

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