France Secures Major Green Energy and AI Deals in Saudi Arabia

During a state visit, President Macron bolsters economic ties with Saudi Arabia, signing agreements on renewable energy, waste management, and advanced technologies.

• French companies, including EDF and TotalEnergies, signed contracts to build solar power plants in Saudi Arabia, contributing 1,700 megawatts to the kingdom's renewable energy goals.
• Veolia and Suez entered into partnerships with Saudi firms to develop waste management projects, including a €1 billion initiative over 25 years and a medical waste treatment facility in Riyadh.
• Saudi Aramco partnered with French start-ups Pasqal and Mistral AI to explore advancements in quantum research and artificial intelligence technologies.
• Cultural cooperation was strengthened with Saudi Arabia pledging €50 million for renovations at the Centre Pompidou in Paris, alongside agreements to enhance tourism and heritage projects like Al-Ula.
• President Macron emphasized France's commitment as a reliable partner for Saudi Arabia's Vision 2030 diversification strategy, despite global competition from the U.S. and China.

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