Saudi, France sign USD11.4b worth of deals

14 Oct 2015

(MENAFN) France announced signing a series of deals worth a total of USD11.4 billion with Saudi Arabia, reinforcing growing ties between the two countries, media reported.

French Prime Minister announced the deals on Twitter during a visit to Riyadh, saying they showed his government was “mobilized for our companies and employment”.

The deals include contracts and letters of intent between the two countries, whose economic and political ties have been strengthening under President Hollande.

There were few significant details immediately available on the deals, though one of the agreements was a Saudi order for 30 patrol boats.

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