Saudi Arabia partners with Bpifrance on $3B grid development

Saudi Arabia and France signed a number of agreements and memoranda to enhance economic cooperation in the energy and industrial sectors, as well as partnerships in artificial intelligence and digital technology. The agreements included the supply of drilling materials and pipes valued at up to $3.7 billion, along with financing and upgrading the Saudi electricity network through a financial facilitation of $3 billion from Bpifrance Bank, aimed at supporting energy infrastructure projects. Additionally, memoranda were signed regarding the financing of the Saudi Group’s acquisition of Airbus aircraft, and to expand cooperation in the fields of defense, culture, and tourism.

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