Strategic Talks in Paris Show France and Saudi Arabia 'Need Each Other Too Much'
The leaders signed agreements on defense, investment and culture, including an expanded AlUla deal and a €6 billion Qiddiya project near Paris.
- On Monday, French President Emmanuel Macron and Saudi Crown Prince Mohammed bin Salman chaired the inaugural Saudi-French Strategic Partnership Council in Paris, signing multiple agreements to deepen bilateral ties.
- Macron linked these agreements to his Choose France initiative, which has facilitated more than 230 investment decisions totaling nearly €87 billion since 2018 to attract foreign investment.
- A €6 billion Saudi-backed investment will develop three theme parks in Cergy-Pontoise, creating about 22,000 jobs; one park features the Dragon Ball franchise.
- Beyond entertainment, the two countries signed a declaration of intent to strengthen defense partnership, including cybersecurity and artificial intelligence, aligning with Riyadh's Vision 2030 strategy.
- Against the backdrop of escalating regional tensions, leaders discussed crises in Iran, Lebanon, and Syria, reaffirming commitment to regional stability and freedom of navigation after the Houthis claimed a ballistic-missile attack.
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The project of a leisure complex, including three theme parks in Cergy-Pontoise (Val-d的Oise), announced by Emmanuel Macron on Monday on the occasion of the arrival in Paris of the Saudi Crown Prince, is carried by this public company, a subsidiary of the Saudi sovereign fund.
MBS’ France visit spotlights growing economic ties
Saudi Crown Prince Mohammed bin Salman concluded a visit to France with a raft of agreements covering many of his top priorities including AI, geopolitics, and even his favorite pastime: video games.France has become the fourth-largest investor in Saudi Arabia, and MBS is returning the favor: A €6 billion theme park was among a series of agreements totaling more than $10 billion inked in Paris. France’s CMA CGM will, meanwhile, develop a new Red…
'Colossal' theme park project near Paris unveiled as Saudi Arabia's MBS visits France
Mohammed bin Salman's visit to France, which coincided with the first meeting of the French-Saudi Strategic Partnership Council on Monday, August 24, was marked by a series of commercial announcements and diplomatic considerations.
Saudi Crown Prince co-chairs first Saudi-French Strategic Partnership Council meeting
ALBAWABA- Saudi Crown Prince and Prime Minister Mohammed bin Salman and French President Emmanuel Macron on Monday chaired the inaugural meeting of the Saudi-French Strategic Partnership Council in Paris, marking a new institutional phase in relations between Riyadh and Paris as the Middle East faces mounting security and economic pressures...
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