Saudi Arabia calls for equitable climate financing at UNHRC    NCM Forecast: Dust storms expected across Saudi Arabia until next week    SR200,000 fine for Saudi and Egyptian in cover-up case    PIF assets soar to $1.15 trillion in 2024    Saudi Arabia advances 14 places to 13th rank in IPR Enforcement Index globally    Hundreds of families displaced by wave of Israeli air strikes on Gaza, witnesses say    Republican Senator Thom Tillis to leave Congress after clash with Trump    Car bomb attack in Pakistan kills at least 13 soldiers    One of Hong Kong's last major pro-democracy parties disbands    Saudi Arabia imposes final anti-dumping duties on imports of steel pipes from China and Taiwan    Iranian Army Chief calls Saudi Defense Minister to discuss regional stability    Saudi Arabia's net FDI jumps 44% to SR22 billion in Q1 2025    Historic Jeddah's visual identity re-imagined through global art installations at Al-Arbaeen Lagoon    Saudi Arabia exit Gold Cup after quarterfinal defeat to Mexico    Al Hilal land in Orlando ahead of Club World Cup clash with Manchester City    Cristiano Ronaldo says the past is over and this season will be Al Nassr's    Al Hilal suffer injury blows ahead of Club World Cup match with Manchester City    Brad Pitt's Los Angeles home 'ransacked', police say    Tehran Symphony Orchestra holds free concert to honor Iranians killed in conflict with Israel    49% of Saudi internet users spend 7 hours a day online    Sholay: Bollywood epic roars back to big screen after 50 years with new ending    Ministry launches online booking for slaughterhouses on eve of Eid Al-Adha    Shah Rukh Khan makes Met Gala debut in Sabyasachi    Pakistani star's Bollywood return excites fans and riles far right    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



FII has become main pillar for assessing investment event in world: Pouille
Published in The Saudi Gazette on 27 - 10 - 2021

French Ambassador Ludovic Pouille referred to the deep relations linking France with Saudi Arabia, describing them as rich, long-standing and based on trust, where partnerships between the two countries have been established at all levels out of agreeing on the international scene and the mutual interests.
Speaking to the Saudi Press Agency (SPA), he said: "Saudi-French ties grew on permanent consensus between the two leaderships, and my memory always recalls the trusted ties that grew between King Faisal and Gen. de Gaulle after their meeting on June 2, 1967, and the meeting King Fahd had with President Francois Mitterrand."
The ambassador also said that this relation has reached new strategic steps over the past few years, especially after signing a strategic partnership between the two countries during the visit of Crown Prince Muhammad Bin Salman, deputy prime minister and minister of defense, to Paris in 2018.
He said, "The recent visit of French Foreign Minister Jean-Yves Le Drian to Saudi Arabia during which he met with Crown Prince Muhammad Bin Salman stressed these ties." He added, "We feel the energy in all our partnerships that revive French-Saudi cooperation in all fields included in the Saudi Vision 2030".
In conjunction with hosting the Future Investment Initiative in the Kingdom of Saudi Arabia, the ambassador noted that the initiative, after five years of its launch, has become a main pillar for assessing investment events in the world.
He pointed out that the international magnitude of this event has contributed to opening the way for it to promote its economy for a wide audience of international investors in a bid to realize Saudi Vision 2030.
He noted that the French representation in the fifth edition of the initiative will be at a high level, whereas heads of French companies have accepted the invitation to attend this important event.
The French ambassador also commended the launch of Crown Prince Muhammad's Saudi Green Initiative and Middle East Green Initiative, which both included ambitious efforts to reduce carbon emissions, and protect the biodiversity, and develop alternative resources for energy, such as renewable energy.
He also congratulated Saudi Arabia on its ambitions to reach 50% of renewable energy in the total energy mix by 2030 and become a free of carbon emissions country by 2060.
He also voiced France's support for Saudi Arabia to develop other kinds of energy with low carbon content, noting that there are several French companies working on important projects in the renewable energy field, such as EDF company for renewable energy.
He added that there are other French companies that are willing to keep pace with this transition in the energy field in the Kingdom of Saudi Arabia.
Pouille stressed that France's strategic ambitions enjoy absolute accord with those of Saudi Arabia, where the environmental element is a main pillar to secure sustainable development for the economies and ambitions of the two countries.
As for the economic and commercial ties between the two countries, he noted that both countries enjoy firm economic relations with real elements to enhance this cooperation, noting that France keeps around 3.5 percent in the supply market out of the total Saudi imports since 10 years ago, where France is the seventh biggest importer for Saudi Arabia.
The number of French companies in Saudi Arabia stands at around 120 with a total French direct investment volume of $5 billion.
The ambassador also voiced pride in cooperation at the antiquities level, saying: "We are very proud to celebrate this year 20 years of Saudi-French cooperation in the antiquities field, where the first agreement signed dates back to 2001 after signing an antiquities excavation protocol in Hegra."
He said: "I was impressed by the vividness in each part of the Saudi society, especially among the youths who work hard for the future the Kingdom, and I am very happy to speak about this joyful experience that I am living here and about the Saudis' interest and love of France". — SPA


Clic here to read the story from its source.