Intensifying Joint Work and Developing New Projects: Saudi Arabia and France
Saudi Arabia and France have a lot of potential for synergy and collaboration under their 2030 investment goals. As both countries aim to transform their key sectors, including energy, automotive, and aeronautics, there is a need to intensify joint work and develop new projects to achieve their objectives. This was emphasized by Denis Le Fers, head of bilateral trade relations at the French Treasury, during the France-Saudi Investment Forum.
France 2030: Becoming the World’s Most Attractive Destination for Low-Carbon Industry
With a budget of €54 billion ($59 billion), the French government launched the national investment plan in 2021 aimed at transforming the country’s key sectors. Half of this investment will be dedicated to projects that promote the decarbonization of industry, while the other half will be directed to emerging players who are driving breakthrough innovations. As part of France 2030, the European country aims to become the world’s most attractive destination for low-carbon industry.
Green Hydrogen: Becoming the Leader
One of the goals and objectives under France 2030 is to become the leader of green hydrogen. With the objective in 2030, France will have at least two giga factories of electrolyzer, mass producing hydrogen, and all useful associated technologies. This will help the country become a leader in the climate change environmental transition.
France-Saudi Investment Forum: Addressing Key Issues Across an Array of Sectors
The France-Saudi Investment Forum, which kicked off on Monday, will address key issues across an array of sectors to create visibility for new opportunities for technology startups and entrepreneurship. Saudi Minister of Investment Khalid Al-Falih is leading a senior delegation at the forum to highlight the Kingdom’s commitment to strengthening bilateral ties and exploring new opportunities with the European country.
Increasing Collaboration in Tourism and Culture, and Clean Energy
Both countries are also going to discuss ways to increase collaboration in the areas of tourism and culture, and clean energy during the meeting in Paris this week. This will help them achieve their objectives under their 2030 investment goals.
Conclusion
Saudi Arabia and France have a lot of potential for synergy and collaboration under their 2030 investment goals. With a budget of €54 billion ($59 billion), the French government launched the national investment plan in 2021 aimed at transforming the country’s key sectors. As part of France 2030, the European country aims to become the world’s most attractive destination for low-carbon industry. One of the goals and objectives under France 2030 is to become the leader of green hydrogen. The France-Saudi Investment Forum will address key issues across an array of sectors to create visibility for new opportunities for technology startups and entrepreneurship. Both countries are also going to discuss ways to increase collaboration in the areas of tourism and culture, and clean energy during the meeting in Paris this week.