JEDDAH: Saudi energy giant Aramco has announced agreements and a memorandum of understanding with French companies worth a potential combined value of more than $3.7 billion. The arrangements cover drilling equipment, oil country tubular goods and cooperation in industrial artificial intelligence and digital technologies, according to Aramco. The company said the partnerships are expected to improve supply-chain resilience, operational continuity and efficiency while creating economic value for Saudi Arabia and France.

PARIS: French investment in Saudi Arabia is expanding beyond traditional sectors such as energy and manufacturing into artificial intelligence, digital infrastructure, culture and…

French FDI stock in Saudi Arabia reached SR63.9 billion in 2024, more than double its 2021 level, as Saudi and French officials explored deeper investment partnerships in Paris.