Riyadh: On the sidelines of the state visit to France by His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, a number of purchase agreements, memoranda of understanding, and financing solutions in the energy and industrial sectors were signed during the French-Saudi Investment Roundtable, strengthening economic and investment cooperation between Saudi Arabia and France and supporting partnership opportunities between companies and institutions in both countries.

According to Saudi Press Agency, the agreements included purchase agreements between Saudi Aramco and French companies SLB and Vallourec for the supply of oil and gas well drilling materials and steel pipes for oil and gas fields, with a combined value of approximately $3.7 billion.

Aramco Digital also signed a memorandum of understanding with French company Dassault Syst¨mes to cooperate in artificial intelligence and virtual twin technologies, including exploring potential applications in the oil and gas sector.

In the electricity sector, Saudi Energy signed a cooperation and financing agreement with French public investment bank Bpifrance to support the development and modernization of Saudi Arabia's electricity grid. The agreement builds on a memorandum of understanding signed in November 2025 to establish a financing facility of up to $3 billion, providing a financing framework to support the company's procurement program and electricity infrastructure projects.

The Saudi Export-Import Bank (Saudi EXIM) signed a tripartite memorandum of understanding with Saudia Group and Cr©dit Agricole CIB to arrange financing solutions for the group's acquisition of new Airbus aircraft. Under the memorandum, Saudi EXIM, in its capacity as Saudi Arabia's export credit agency, will provide insurance coverage for credit risks associated with the transaction.

The memorandum combines international bank financing with national export credit instruments, providing companies and projects associated with Saudi exports with greater access to international financing, while supporting Saudia Group's plans to expand and modernize its fleet and strengthen its operational capabilities in international markets.