Saudi Investment Minister: Our Economy Offers Major Opportunities for French Companies

Saudi Arabia is actively seeking to deepen economic ties with France, presenting its market as a hub of significant opportunities for French companies. Minister of Investment Fahad Al-Saif highlighted that French foreign direct investment in the Kingdom has reached €16.3 billion, making France the fourth-largest source of FDI. French businesses hold approximately 650 investment licenses, demonstrating a broad presence across more than 18 sectors.

During the French-Saudi Investment Roundtable in Paris, hosted as part of Crown Prince Mohammed bin Salman's visit, Al-Saif and French Minister of Economy Roland Lescure engaged with business leaders. The discussions centered on expanding partnerships in key areas such as industry, transport, logistics, artificial intelligence, and digital infrastructure. The event, organized by the Ministry of Investment, aimed to foster new agreements and memoranda of understanding.

The energy sector remains a cornerstone of Saudi-French cooperation, with French companies having a long-standing presence. However, the partnership is increasingly extending into new economy sectors, including AI, digital infrastructure, culture, creative industries, and mining. This strategic expansion aligns with Saudi Arabia's Vision 2030, which seeks to diversify the economy beyond oil. French firms are already active in transport, water, hospitality, and healthcare, with growing prospects in advanced technology and manufacturing as the Saudi economy continues its growth trajectory.

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French companies hold around 650 investment licenses in the Kingdom. This reflects the extent of French business activity and the growing opportunities available within the Saudi economy.