French corporations eager to participate in Saudi Arabia’s Imaginative and prescient 2030 growth packages: Ambassador
RIYADH: French firms are eager on investing in Saudi Arabia’s water sector, in accordance with the French Ambassador to the Kingdom, Ludovic Pouille.
Chatting with Arab Information on the sidelines of a discussion board titled “Saudi-French strategic partnership for a greater sustainable growth in water and waste administration,” Pouille mentioned the occasion will assist reinforce his nation’s relationship with the Kingdom.
The discussion board was organized by Enterprise France and the French Embassy in collaboration with the Kingdom’s Saline Water Conversion Corp., the Saudi Water Partnership Co., the Nationwide Water Co. and the Saudi Funding Recycling Co.
The French envoy described the discussion board as a “nice alternative” for the French firms to find extra in regards to the Kingdom’s Imaginative and prescient 2030.
Enterprise France is a French authorities company created in January 2015 by way of a merger between UBIFRANCE and the French Company for Worldwide Funding.
Chatting with Arab Information, Pouille mentioned: “This initiative by Enterprise France is welcome, as a result of traditionally France has been an important strategic companion of Saudi Arabia within the water sector.
“At this time, we need to convey new firms, particularly SMEs, who might convey improvements, (and) their experience, in very particular areas in water, water therapy, waste administration.
“I’m very blissful to see that we’ve got virtually 15 French firms as a part of this delegation, most of them discovering Saudi Arabia for the primary time.
“We’ve all of the stakeholders of the Saudi establishments within the water sector current right here. It is a nice alternative for the French firms to find extra about Saudi Imaginative and prescient 2030.”
We’re in a position to join the French firms to Saudi companions in all new fields and sectors of Imaginative and prescient 2030 and to accompany the diversification of the Saudi financial system.
French Ambassador Ludovic Pouille
He added: “This nation will host, within the subsequent 10 years, the most important initiatives in water on the earth. Since French experience is well-known all around the world, it’s essential to be right here now, and to be a part of these initiatives.”
Pouille mentioned that water is the important thing to growth, including: “We’ve to maintain water to convey water in a greener method, in a wiser method, and quicker method, and the French firms are right here to say, sure, we can assist you and need to be a part of this journey.
“They’re well-known all around the world. A few of them have already labored right here with huge French firms like Veolia, EGIS, Suez, Pam Saint Gobain. And right now, what we wish is the world ecosystem of startups, SMEs on this sector to be a part of this partnership.”
The envoy, who opened the discussion board with the SWCC governor, mentioned: “I’m very glad to have opened the Saudi-French strategic partnership discussion board for a inexperienced and sustainable growth below the Imaginative and prescient 2030 along with SWCC Gov. Abdullah Ibrahim Alabdulkarim.”
He mentioned that this occasion is considered one of many who Enterprise France and the French Embassy will convey to the Kingdom within the coming months.
These will embody delegations from the well being and fintech sectors — with representatives of 30 firms within the subject of leisure having already visited earlier this yr.
“So all this to say that we’re in a position to join the French firms to Saudi companions in all new fields and sectors of Imaginative and prescient 2030 and to accompany the diversification of the Saudi financial system, not solely by bringing merchandise, however native content material to convey Saudization, we convey our fundamental switch of know-how coaching formation,” mentioned the envoy, including: “We’re right here as companions to spend money on Saudi Arabia.”
The SWCC governor mentioned: “We intend to discover a method for brand spanking new options with mutual advantages for all events. On this win-win scenario, we are able to construct strategic partnerships for sustainable growth in water and waste administration.
“We’re not right here to discover a business deal, however relatively how we are able to see the affairs of analysis expertise and what we want from the market.”
Saudi Arabia has been growing its funding within the clear vitality, energy, and water sector and goals to extend the desalination capability to 7.5 million cubic meters of water per day by 2027.