Amended Contractors Classification Law regulations set criteria for dividing major projects    Saudi Arabia emerges global leader in charitable and relief work with over SR528 billion in aid    20,882 violators of residency, border security, and labor laws arrested in a week    Saudi Arabia to head Arab Experts Group on Counter-Terrorism    Over 47,000 transport violations detected during 340,000 TGA inspections in August    Israel orders Gaza City evacuation, bombs high-rise towers    Modi welcomes Trump's remarks on India-US ties despite tariff tensions    British lawmakers urge boycott of Israeli President Herzog's visit    Saudi Arabia condemns Israeli calls for Palestinian displacement, backs Egypt's stance    Saudi Arabia's digital sector grows to 389,000 workers with record female participation    Riyadh Metro adjusts start time to 5:30 AM to serve commuters and students    Mike Tyson and Floyd Mayweather Jr. set to meet in exhibition boxing match in 2026    Gamers frustrated as Hollow Knight: Silksong crashes stores on launch    'My mother was my shelter and storm': Arundhati Roy on her fierce new memoir    HONOR to participate in Global Symposium for Regulators 2025 in Saudi Arabia    Restored Big Ben tower up for architecture award    NVIDIA GeForce RTX 50 Series laptops redefine learning, creating and gaming    Al Ahli secure Flamengo starlet Matheus Gonçalves in long-term deal through 2027    Al Hilal sign Turkish defender Yusuf Akcicek on €22m deal until 2029    Al Qadsiah sign German midfielder Julian Weigl to strengthen defensive midfield    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.



Minister of Investment Receives Minister Delegate for Foreign Trade and Economic Attractiveness of France
Published in Saudi Press Agency on 06 - 12 - 2021

Minister of Investment Eng. Khalid Abdulaziz Al-Falih received, on Saturday December 4, 2021 a high-profile delegation of French public and private sector decision-makers and business leaders, led by Franck Riester, Minister Delegate for Foreign Trade and Economic Attractiveness of France. 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. 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 more than $30 billion and provide more than 30 thousand jobs in a wide range of sectors, in addition to their economic and developmental value. Also, there is an opportunity to accelerate the growth of investments between the two countries by transforming the potentials into concrete and investable opportunities and thus transforming opportunities into work and achievement.
The Minister of Investment affirmed that the Kingdom of Saudi Arabia has great potentials in a number of areas that can be maximized through partnership with French companies that have the expertise and experience necessary to be a world leader.
The Minister pointed out that the Saudi capital can play a vital role in supporting the economic transformation in France, reiterating his welcome to more French investors in the Kingdom, and calling for partnership between the Saudi and French private sectors in joint investments.
For his part, the Minister Delegate for Foreign Trade and Economic Attractiveness of France explained that this event is an important milestone in the strategic relationship between the two governments, and that French and Saudi companies share the same commitment to work in ensuring the continued growth of our economic relations, and there are many untapped opportunities in many strategic sectors, which we can explore and invest in through the synergies between the Kingdom's Vision 2030 and France 2030 and our commitment to sustainability.


Clic here to read the story from its source.