Al-Diriyah awards 6B riyal contracts to 27 French firms

Saudi Arabian company Al-Diriyah signed contracts worth 6 billion riyals with 27 French companies, aimed at strengthening economic and commercial ties between the two countries, particularly in the fields of architecture, technology, and design. The company also announced the signing of a 400 million riyal agreement with the French infrastructure firm Égis. These steps come amid statements indicating that Saudi Arabia is opening the door to French investors, with a special focus on the oil and gas sectors and investment opportunities within the kingdom. Hundreds of French companies have been attracted to invest, along with a $5 billion credit line with BPI France to enhance financial collaboration. This coincided with the Saudi Crown Prince’s visit to France and his meeting with President Emmanuel Macron, as part of efforts to develop economic and cultural relations between the two nations.

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