Business France, a French government agency concerned with international development, launched on Monday in Riyadh the first edition of a program to support industrial transformation in Saudi Arabia. The program was launched in cooperation with Saudi Arabia’s National Industrial Development and Logistics Program (NIDLP).
The program, which offers an expanded package dedicated to innovative French companies that are keen to become a major player in Saudi Arabia’s national transformation plan, Vision 2030, includes companies that aim to support the Saudi industrial revolution.
Saudi Arabia’s industrial strategy looks to triple manufacturing GDP by 2030.
NIDLP CEO Suliman Almazroua voiced excitement to maintain and develop bilateral cooperation with Business France, noting that the Kingdom is witnessing a rapid transformation since the launch of Vision 2030.
Almazroua pointed out that the transformation opens the doors of the Kingdom to the international community to achieve the ambitious goals that affect the future of Saudi Arabia.
He noted that transformation will be reflected in the promotion of both domestic and international economic growth.
For his part, Abdulrahman Baeshen, head of Al-Shorouk Center for Economic Studies in Jazan, Saudi Arabia, stressed the importance of strengthening Saudi-French cooperation in terms of transferring expertise and technology industries, especially since France leads European countries in terms of its attractiveness to foreign investments.
Baeshen explained that France has a large share of attracting international projects and industrial investments at the level of European countries, which gives it an industrial advantage and an innovative technical and research superiority.
