Aramco signs $3.7B French deals
Analysis based on 9 articles · First reported Mar 09, 2018 · Last updated Aug 24, 2026
The agreements signal continued investment and cooperation between Saudi Arabia and France, potentially benefiting Aramco's supply chain and technological capabilities. The deals may support French industrial and technology companies, though the specific companies were not disclosed, limiting direct market impact.
Saudi Aramco announced agreements and a memorandum of understanding with French companies with a potential combined value of more than $3.7 billion. The deals were announced during the Saudi-French Investment Roundtable in Paris, attended by Aramco President and CEO Amin H. Nasser, and coincided with Crown Prince Mohammed bin Salman's visit to France. The agreements include a corporate procurement agreement for drilling equipment and a purchase agreement for Oil Country Tubular Goods (OCTG). Additionally, Saudi Aramco — Aramco Digital signed an MoU to explore cooperation in industrial artificial intelligence, virtual twin and digital twin technologies. The partnerships aim to strengthen Aramco's supply chain, enhance operational efficiency, and advance technology transfer and innovation. The agreements reflect expanding Saudi-French economic ties, with French direct investment in Saudi Arabia reaching EUR16.3 billion in 2024, making France the fourth-largest source of foreign direct investment. Saudi Investment Minister Fahad bin Abduljalil Al Saif and French Economy Minister Roland Lescure highlighted the deepening relationship and alignment between Saudi Vision 2030 and France 2030.
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