France and Saudi Arabia are deepening their partnership beyond energy and manufacturing into AI, digital infrastructure, culture, and mining, with French investment in Saudi Arabia totaling about €16.3 billion ($19 billion) across 18 sectors in 2024.

Government-to-government ties have strengthened, notably through the December 2024 Comprehensive Strategic Partnership and the Strategic Partnership Council, boosting cooperation and trade.

Saudi RHQ program has attracted over 750 companies, including 39 French firms across eight sectors, signaling a deeper corporate footprint.

(No data available in source for this point.)

Energy security talks focus on bypassing the Strait of Hormuz via new pipelines, capacity upgrades, and alternative ports, with Brent crude rising from around $66 to about $93 per barrel.

regional conflicts such as Iran, Palestine, Syria, and Lebanon were discussed, alongside Saudi hosting Expo 2030 and the 2034 World Cup.

Cabinet approval of offshore financial activities is set to bolster Saudi Arabia’s role as a regional platform for corporate operations.

Gaming and esports are emerging as investment sectors, with Saudi opportunities to develop IP, content, and jobs while boosting the international competitiveness of local firms.

The partnership is increasingly defined by joint capabilities and co-development, moving toward co-creation of projects that leverage each country’s strengths.

Financial services and insurance are growth areas as Saudi opens its market to foreign investors and Tadawul’s liquidity attracts regional and international players.

The Saudi Exchange is the largest and most liquid market in the region, with offshore activities enhancing Saudi Arabia’s appeal as a regional hub.

Cooperation in financial services is aided by the Main Market opening to foreign investors and continued liquidity in the Saudi Exchange.