Bpifrance and Saudi Industrial Development Fund Signed MoU
Posted on 01/29/2021
Bpifrance and Saudi Industrial Development Fund (SIDF) signed a Memorandum of Understanding (MoU) on December 15, 2020 in Paris, to strengthen economic cooperation between France and Saudi Arabia.
Bpifrance and SIDF join forces to contribute to the development of an entrepreneurial ecosystem linked to SIDF’s focus sectors in Saudi Arabia including industrial, energy, logistics, and mining sectors. The MoU entails the promotion the development of French companies operating or interested in the Saudi market. Last, the MoU entails for the parties to develop missions, projects and events to optimize the link between Bpifrance and SIDF in Saudi Arabia to generate business partnerships, in line with the existing ecosystem.
Keywords: Saudi National Development Fund.