https://arab.news/wu86d
RIYADH: Up to 100 French companies are seeking opportunities to implement Expo 2030 and 2034 World Cup projects in ºÚÁÏÉçÇø, according to Business France, the French Embassy’s trade commissioner in ºÚÁÏÉçÇø.
The French firms, specializing in infrastructure, transportation, engineering, and culture, will visit Riyadh at the end of November to participate in the French-Saudi Business Forum, Al-Eqtisadiah reported.
They will explore investment opportunities in infrastructure projects, specifically related to the design and construction of the metro line connecting the airport to the Expo 2030 site.
Business France indicated that deals will be finalized with major French and Saudi investors on the sidelines of the forum.
The French companies will also meet with representatives from government agencies and private sector companies to discuss potential projects in smart cities, transportation, sports, technology, culture, and security.
The French-Saudi Business Forum is as a high-level platform that brings together companies, decision-makers, and institutions from France and the Kingdom to foster partnerships, explore investment opportunities, and strengthen bilateral economic relations, with a focus on Riyadh and its transformation thanks to Expo 2030 and the 2034 FIFA World Cup.
The volume of French companies’ investments in ºÚÁÏÉçÇø is estimated at approximately €2.8 billion ($3.08 billion), according to what Mohammed Nahad, the French Consul General in Jeddah, told Al-Eqtisadiah last month.
The total value of French investments in ºÚÁÏÉçÇø has reached SR23 billion ($6.13 billion), ranking it ninth among the top investing countries.