French delegation reviews investment in smart cities and green energy at Asharqia Chamber
On Monday, December 9, 2024, Chairman of the Asharqia Chamber of Commerce Badr bin Suleiman Al-Raziza met with the Trade Exchange Advisor at the Business France Office, Yannis Marsa, where they reviewed aspects of joint economic cooperation between the Chamber and the office.
The meeting was attended by the Chamber's First Deputy Hamad bin Mohammed Al-Bouali, the Second Deputy Hamad bin Mohammed Al-Ammar, and Board Members Badr bin Mohammed Al-Abdulkarim, Agharid bint Ihsan Abduljawad, and Fahd bin Abdullah Al-Faraj, and Secretary-General Abdulrahman bin Abdullah Al-Wabil.
The Chamber also organized an investment opportunities meeting with the French trade delegation, which witnessed the participation of a number of companies and investors from the French Republic who presented offers to invest in several opportunities in the fields of smart cities, green energy, artificial intelligence, new technologies, and cybersecurity, in the presence of a number of investors and interested parties.
For his part, Al-Boali stressed the distinction of Saudi-French relations, which are characterized by historical depth and strong friendship, which are moving forward with strength and stability, and have recorded pioneering steps in various fields and have become a model of constructive harmony, with strong economic and trade relations.
Al-Boali pointed to the close connection between the Kingdom and the French Republic, with a trade exchange volume exceeding (40) billion riyals in 2023 AD compared to more than (36) billion riyals in 2019 AD, and 175 French companies operate in the Kingdom, employing national human cadres with more than 13.3 thousand employees, and France is the third largest foreign investor in local sectors, such as: renewable energy, transportation, health care, and others.
Al-Boali said: Today, we look forward as a business sector to building on these distinguished relations between the two parties to establish an ambitious partnership between the private sector in the two countries and create more new opportunities for the growth and prosperity of the economy and business between the two parties.
