Saudi Energy signs project financing deal with Bpifrance in Paris
Saudi Energy has signed a cooperation agreement with Bpifrance to finance power grid projects during the Saudi-French roundtable in Paris.
Paris — Saudi Arabia and France have called for a diplomatic solution to the Iran issue in order to prevent further escalation and maintain regional security. They condemned attacks on vessels in the Strait of Hormuz and called for the restoration of normal navigation through the strategic waterway. The two nations agreed to strengthen their strategic partnership across defense, investment, energy, artificial intelligence and regional security, welcoming 21 agreements and memoranda of understanding during Crown Prince Mohammed bin Salman's state visit to France.
The visit marked 100 years of political relations between the two countries as they sought to build on their Strategic Partnership established during Macron's state visit to Saudi Arabia in December 2024.
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