Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

INTERVIEW: French minister affirms France’s commitment to increase, diversify investments in Saudi economy

INTERVIEW: French minister affirms France’s commitment to increase, diversify investments in Saudi economy

PARIS: Arab News en Français met with Minister for Foreign Trade, Attractiveness and French Nationals Abroad Olivier Becht on the eve of his first visit to Saudi Arabia to discuss his program, which will strengthen Saudi-French economic and commercial ties.
“This year, we celebrated the 20th anniversary of the very first Franco-Saudi archaeological mission launched in Hegra under the supervision of archaeologist Laila Nehme. This cooperation has, since then, flourished, and now we have more than 15 Franco-Saudi archaeological missions, 11 of which are still being explored today,” said Becht.

He highlighted that the signing of the intergovernmental agreement for the development of AlUla on April 10, 2018 was a real boost to cooperation in the field of archeology and heritage conservation.

“As illustrated in the case of AlUla, archaeological cooperation is a main pillar of our bilateral relationship, and it paves the way for many partnerships in the fields of tourism, culture, research and training,” he said.

“The main goal of my visit is to strengthen our economic and commercial partnerships, (as well as cooperation) in the health sector. I am delighted that a strong delegation of companies from the sector, led by the Health Care Association, is accompanying me on this visit,” said Becht.

“Our companies recognize the economic attractiveness of the Kingdom, and I am sure that in 2023 many of them will take the leap and settle there,” he added.

During his first visit to Saudi Arabia, the minister will have the opportunity to meet Saudi Minister of Investment Khalid Al-Falih, Minister of Trade and Media Dr. Majid Al-Qasabi and Minister of Industry and Mineral Resources Bandar Ibrahim Al-Khorayef.

“We will mainly discuss ways to strengthen our economic partnership in the health sector, but also in all the other strategic sectors,” said Becht, stressing that his hope is to make the discussions as fruitful as possible.

“French companies are committed to increasing and diversifying their investments in the Saudi economy, in line with the priorities of the Kingdom’s Vision 2030, particularly in renewable energies, hydrogen, water, the environment, the digital economy, the smart city and, of course, tourism services and infrastructure,” he said.

“Several partnerships between French startups and Saudi companies and investors have been established in the recent years…in particular the delegation of startups led by Generation 2030, during the last Future Investment Initiative in 2022 in Riyadh,” Becht said.

The minister added that France is ready to use its expertise in many high-tech and digital fields — including smart cities, cybersecurity and artificial intelligence — to develop new economic partnerships with the Kingdom.

“In this context, we are pleased to welcome a delegation of Saudi startups and investors, led by the Ministry of Investment, to tour the French tech ecosystem (such as Station F, Saclay and Toulouse) in early 2023 and strengthen the ties between both countries in this field,” he said.

The Kingdom launched several projects in 2022, including The Line in NEOM, considered one of the largest projects in the world. Becht told Arab News en Français that French companies are fully committed to participating in the giga-projects of Saudi Arabia’s economic diversification plan.

“Several French companies are already participating in the development of NEOM, particularly in the transport and infrastructure sectors. Many other sectors hold opportunities for our companies: information and communication technologies, energy and sustainable development, construction, engineering consultancy, tourism and security,” Becht said.

The French minister’s visit, which begins on Monday, Dec. 19 and extends over several days, is not limited to Riyadh. He also expressed his intention to visit AlUla to discover the region and the richness of its archeological sites, particularly from the Nabataean, Dadanite and Lihyanite eras.

“This visit will also provide us with the opportunity to reiterate the full commitment of the French government to support the development of AlUla on each of the following aspects: culture, archaeology, tourism, agriculture and energy,” he said, adding that the French Agency for the Development of AlUla “works daily” with the Royal Commission for AlUla to this end.
AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
Greek Prime Minister Kyriakos Mitsotakis advocates for a ban on minors using social media.
Meanwhile in Time Square, NYC One of the most famous landmarks
Jensen Huang just told the story of how Elon Musk became NVIDIA’s very first customer for their powerful AI supercomputer
Former British Prince Andrew Arrested on Suspicion of Misconduct in Public Office
Former President Yoon Suk Yeol Sentenced to Life in Prison for Abuse of Authority
Unitree Robotics founder Wang Xingxing showcases future robot deployment during Spring Festival Gala.
German Chancellor Friedrich Merz calls for real name use on social media.
Italian Police Arrest Man After Alleged Attempt to Abduct Toddler at Bergamo Supermarket, Child Hospitalised With Fractured Femur
British Tourist Arrested at Hong Kong Airport After Meltdown and Vandalism
European Commission Plans Purchase Incentives Limited to Vehicles Manufactured Largely in the EU
French District of Pas-de-Calais Introduces Immediate License Suspension for Drivers Using Mobile Phones
Volkswagen Targets €60 Billion in Cost Reductions as Sales Decline and Global Pressures Intensify
Eighty-Year-Old Lottery Winner Sentenced to 16.5 Years for Drug Trafficking
Rubio Calls for Sweeping U.N. Reform, Saying It Has Failed to End Wars in Gaza and Ukraine
10,000 Condoms Distributed at Winter Olympics 2026 Athlete Village Depleted Within 72 Hours
Poland's President Advocates for Evaluating Independent Nuclear Weapons Development
Mayor of Serdobsk in Russia’s Penza Region Resigns After Housing Certificates Granted to Migrant Family Trigger Public Outcry
China’s EV Makers Face Mandatory Return to Physical Buttons and Door Handles in Driver-Distraction Safety Overhaul
UK Green Party Considering Proposal to Legalize Heroin for an Inclusive Society
OpenAI and DeepCent Superintelligence Race: Artificial General Intelligence and AI Agents as a National Security Arms Race
We will protect them from the digital Wild West.’ Another country will ban social media for under-16s
Heineken announces cut of 6,000 jobs due to declining beer demand
Apple iPhone Lockdown Mode blocks FBI data access in journalist device seizure
Belgium: Man Charged with Rape After Faking Payment to Sex Worker
KPMG Urges Auditor to Relay AI Cost Savings
Canada Opens First Consulate in Greenland Amid Rising Geopolitical Tensions
China unveils plans for a 'Death Star' capable of launching missile strikes from space
Investigation Launched at Winter Olympics Over Ski Jumpers Injecting Hyaluronic Acid
U.S. State Department Issues Urgent Travel Warning for Citizens to Leave Iran Immediately
Wall Street Erases All Gains of 2026; Bitcoin Plummets 14% to $63,000
Eighty-one-year-old man in the United States fatally shoots Uber driver after scam threat
Political Censorship: French Prosecutors Raid Musk’s X Offices in Paris
AI Invented “Hot Springs” — Tourists Arrived and Were Shocked
France Begins Phasing Out Zoom and Microsoft Teams to Advance Digital Sovereignty
Tech Market Shifts and AI Investment Surge Drive Global Innovation and Layoffs
Global Shifts in War, Trade, Energy and Security Mark Major International Developments
Markets Jolt as AI Spending, US Policy Shifts, and Global Security Moves Drive New Volatility
Tesla Ends Model S and X Production and Sends $2 Billion to xAI as 2025 Revenue Declines
Starmer Signals UK Push for a More ‘Sophisticated’ Relationship With China in Talks With Xi
Shopping Chatbots Move From Advice to Checkout as Walmart Pushes Faster Than Amazon
The AI Hiring Doom Loop — Algorithmic Recruiting Filters Out Top Talent and Rewards Average or Fake Candidates
Putin’s Four-Year Ukraine Invasion Cost: Russia’s Mass Casualty Attrition and the Donbas Security-Guarantee Tradeoff
Storm-Triggered Landslide in Sicily Pushes Cliffside Homes to the Edge as Evacuations Continue
WhatsApp Develops New Meta AI Features to Enhance User Control
Germany Considers Gold Reserves Amidst Rising Tensions with the U.S.
Michael Schumacher Shows Significant Improvement in Health Status
Trump Claims “Total” U.S. Access to Greenland as NATO Weighs Arctic Basing Rights and Deterrence
Air France and KLM Suspend Multiple Middle East Routes as Regional Tensions Disrupt Aviation
Poland delays euro adoption as Domański cites $1tn economy and zloty advantage
Gold Jumps More Than 8% in a Week as the Dollar Slides Amid Greenland Tariff Dispute
×