Riyadh: The Saudi Public Investment Fund (PIF) and Bpifrance Assurance Export have signed a Memorandum of Understanding (MoU) valued at USD 10 billion. The agreement aims to provide funding support, marking a significant step in enhancing bilateral partnership and cooperation. According to Kuwait News Agency, the MoU is poised to strengthen collaborative efforts between Saudi Arabia and France. The PIF emphasized in a press release that the five-year agreement is designed to boost cooperation between PIF and Bpifrance Assurance Export, with a particular focus on initiatives that align with Saudi Vision 2030. The PIF has been entrusted with the task of transforming and diversifying the Saudi economy. This involves fostering the growth of new sectors, companies, and job opportunities, positioning the MoU as a cornerstone in achieving these objectives.
