PARIS: Saudi Aramco and the French oil giant Total signed an agreement on Tuesday to build a vast petrochemical complex in Jubail.
In total, $9 billion will be invested, creating 8,000 jobs in the Kingdom.
The deal was the highlight in a series of agreements between Saudi Arabia and France which rounded off a CEO business forum in Paris on the final day of Crown Prince Mohammed bin Salman’s official visit.
The two countries made agreements worth $18 billion, rubber-stamped by top representatives in a mammoth signing ceremony.
The final day of the crown prince’s visit shifted from building relations over culture and heritage, to business and finance. Accompanied by stirring music, business chiefs from several French companies mounted the stage for a theatrical exchange of documents in a building that once housed the national printworks but is now an offshoot of the French Foreign Ministry.
The crown prince met French Minister of Economy and Finance Bruno Le Maire, who was accompanied by a number of French businessmen.
They discussed enhancing partnership and investment opportunities, including attracting promising investments aimed to localize technology and training Saudi nationals, the Saudi Press Agency reported.
Fifteen memorandums of understanding (MoUs) were signed by Saudi and French companies at the CEO Business Forum. They included agreements between Saudi Arabia’s SABIC and France’s Schneider Electric on energy management, and SABIC and Orange on transfer of technology.
Al Arabia signed an investment agreement with multinational advertising giant JCDecaux; Axens, a global leader in converting oil, coal and natural gas to clean fuel, has struck a deal with Saudi refining and petrochemical company Petro Rabigh, and water management company Saur now has an agreement with a Saudi counterpart, International Aramoon Company Limited.
Saudi Aramco announced commercial cooperation worth a total of $12 billion with French firms.
These included deals with Veolia and Dussur for industrial wastewater treatment and a corporate purchase agreement signed with TechnipFMC for wellhead and surface-control equipment.
Several other agreements were also signed with Suez and Dussur, the Arab World Institute and the Pompidou Center.
“With Vision 2030, I believe there are more opportunities for collaboration and partnerships, not only in the oil and gas sector but also in infrastructure, manufacturing and services industries, which are critical to manage and operate an enterprise like Saudi Aramco,” said Aramco President and CEO Amin H. Nasser.
Meanwhile, Saudi Finance Minister Mohammed Al-Jadaan told AFP that Aramco’s hotly awaited stock market debut would be launched in 2018 if market conditions permit, otherwise in 2019.
“If the market is ready in 2018, we will go in 2018. If not, we will wait until 2019,” he said.
Saudi Energy Minister Khalid Al-Falih and French Foreign Minister Jean-Yves Le Drian inaugurated the CEO event, which was organized by the Saudi Center for Strategic Partnerships.
Le Drian highlighted 50 years of relations between Saudi Arabia and France and the importance of enhancing security, stability, energy, economy, science, culture and technology between the two countries.
He said France is the third biggest foreign investor in the Kingdom after the US and Kuwait, and that 80 French companies are operating in Saudi Arabia with more than 27,000 Saudi jobs, of which 20,000 are in the energy sector.
Saudi Aramco to build vast oil complex with Total
Saudi Aramco to build vast oil complex with Total
- Saudi Aramco announced commercial cooperation worth a total of $12 billion with French firms
- France is the third biggest foreign investor in the Kingdom
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Pakistan PM receives Saudi deputy interior minister in Islamabad
RIYADH: Saudi Deputy Interior Minister Nasser bin Abdulaziz Al-Dawood was received by Pakistani Prime Minister Shehbaz Sharif in Islamabad on Tuesday.
They reviewed bilateral relations and discussed topics of mutual interest, the Saudi Press Agency reported.
Al-Dawood also met with Pakistan’s Interior Minister Mohsin Raza Naqvi and discussed boosting security cooperation.
Saudi Ambassador to Pakistan Nawaf bin Saeed Al-Malki was among the Saudi officials in attendance.
AlUla Trail Race offers challenges for adventure enthusiasts of all levels
- Participants of all ages and fitness levels are invited to engage in this sporting challenge in a vibrant, competitive environment
- Several races will be held at the event, organized by AlUla Moments, ranging from a 1.6 km Kids’ Run to a 100 km ultra-marathon
RIYADH: The AlUla Trail Race will take place on Jan. 23 and 24, 2025, offering a challenge with stunning scenery for adventure enthusiasts.
Participants of all ages and fitness levels are invited to engage in this sporting challenge in a vibrant, competitive environment, the Saudi Press Agency reported.
Several races will be held at the event, organized by AlUla Moments, ranging from a 1.6 km “Kids’ Run” to a 100 km ultra-marathon, providing options for all skill levels across AlUla’s desert landscape and ancient oases.
The AlUla Trail Race 2025 features seven distinct races, with participants viewing iconic AlUla locations, including Elephant Rock, Maraya (the world’s largest mirrored building), and the UNESCO World Heritage site of Hegra.
The 1.6 km race, for children aged 6 to 12, offers a safe and fun introduction to competitive running. The “Sunset Run” (3 km) allows participants aged 13 and older to explore AlUla’s oasis at sunset.
The 10 km “AlUla Oasis” race is open to runners aged 13 and older, suitable for beginners or those seeking a moderate challenge.
The “Elephant Rock” 23 km race is aimed at more experienced athletes aged 16 and older, and is equivalent to more than half a marathon.
The 50 km “Al-Mejdar” race is the toughest trial for runners aged 18 and older, while the 100 km “Hegra” event is the ultimate challenge for professional runners aged 18 and older, testing endurance in one of the most scenic and demanding races.
The event spans two days. On the first day, participants will register, receive race numbers and equipment, and attend a briefing before heading to the starting locations. Day one will also feature races for children, families and after-sunset events.
On day two, the 10 km, 23 km and ultramarathon races will be held, concluding with a ceremony to honor the winners and distribute awards.
In addition to the competitive atmosphere, the sports village will provide a range of food and beverages, including premium coffee, along with live music and entertainment.
Physiotherapy and rehabilitation spaces will be available for runners post-race.
Riyadh library launches cultural tourism initiative
Riyadh: The King Abdulaziz Public Library in Riyadh has launched an initiative to position Saudi Arabia as a top global destination for cultural tourism by attracting visitors worldwide to explore the library’s diverse branches, both within and outside the Kingdom.
This project aligns with the Kingdom’s Vision 2030 by strengthening national identity, fostering cultural exchange, and supporting sustainable development, the Saudi Press Agency reported.
Through its efforts, the library seeks to showcase Saudi Arabia’s rich heritage, folk arts, and traditions, while deepening citizens’ connections to their cultural roots and contributing to economic diversification.
The library’s general supervisor, Faisal bin Muammar, affirmed its commitment to advancing the Kingdom’s cultural and tourism objectives.
The library’s cultural tourism approach goes beyond traditional collections, offering access to historical and rare manuscripts, art and more.
Art Films Week sparks dialogue in Riyadh
- Visitors can enjoy the screenings in Fenaa Alawwal’s outdoor area, where kiosks provide a variety of food and refreshments
Riyadh: Film enthusiasts have gathered at Riyadh’s Fenaa Alawwal for Art Films Week, an event showcasing a selection of acclaimed documentaries and animations aimed at fostering cultural exchange and dialogue, organized under Saudi Arabia’s Museums Commission.
Running until Nov. 21, the five-day Art Films Week is presenting five films: “Nam June Paik: Moon is the Oldest TV,” “Van Gogh and Japan,” “Omar Sharif: A Nomad’s Life,” “The King and Mister Bird,” and “The Prince Voyage.”
The opening day featured “Nam June Paik: Moon is the Oldest TV” by director Amanda Kim, which chronicles Paik’s meteoric rise in the New York art scene and his vision of a future where “everybody will have his own TV channel.”
South African visitor Gavin Eckhart emphasized the film’s potential to inspire self-expression in the modern age. “Showing this documentary in this context might allow people to find their own self-expression within the modern age,” he told Arab News.
He further highlighted the artist’s innovative use of technology to break boundaries despite a restrictive upbringing.
“I have really enjoyed his expressive nature in the context of manipulating the available technology,” he said. “He was able to break boundaries and innovate despite his restrictive upbringing, doing so in the most avant-garde way.”
The documentaries were selected to align with the event’s theme by exploring art and creativity, showcasing influential artists like Nam June Paik, and highlighting the intersection of art and culture.
Visitors can enjoy the screenings in Fenaa Alawwal’s outdoor area, where kiosks provide a variety of food and refreshments.
Under Vision 2030’s Quality of Life Program, Saudi Arabia is witnessing transformative progress across various sectors, with the cultural industry playing a key role. The number of cultural facilities in the Kingdom surpassed its 2023 target of 41, reaching 45, reflecting the nation’s commitment to fostering a diverse cultural landscape.
Fenaa Alawwal is a key cultural facility in the capital Riyadh and was established by the Ministry of Culture to promote culture as a way of life.
Its landmark building first opened in 1988 and was recently placed under the custody of the Royal Commission for Riyadh City as part of Saudi Vision 2030’s National Transformation Program.
Saudi cabinet highlights strengthened partnerships with France, India
- The session, chaired by King Salman in Riyadh, addressed key global and regional developments
The cabinet discussed on Tuesday the outcomes of the second Saudi-French Ministerial Committee meeting, focusing on enhancing cultural, tourism, and economic ties, particularly between AlUla and Paris.
The cabinet also praised the progress of the Saudi-Indian Strategic Partnership Council in boosting cooperation on economic and security matters.
The session, chaired by King Salman in Riyadh, addressed key global and regional developments. The Cabinet condemned Israeli actions targeting civilians in Palestine and plans to expand West Bank settlements, citing their threat to regional stability and peace efforts.
Domestically, the council commended King Salman’s support of the Riyadh Economic Forum and the success of "Cityscape Global 2024," which saw transactions surpassing 230 billion riyals and attendance exceeding 172,000 visitors.
The cabinet lauded the "Jeddah Declaration" issued at the Fourth Global Ministerial Conference on Antimicrobial Resistance, reaffirming commitments to tackle global health challenges. It also noted preparations for the Saudi Green Initiative Forum in December, which has already delivered significant achievements in renewable energy, tree planting, and wildlife resettlement.
