French see business opportunities in KSA

CONSTRUCTIVE VISIT: Deputy Crown Prince Mohammed bin Salman leaves after his meeting with French President Francois Hollande at the Elysee Presidential Palace in Paris in this June 27 photo. (AFP)
Updated 03 July 2016
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French see business opportunities in KSA

JEDDAH: French media outlets unanimously agree that Deputy Crown Prince Mohammed bin Salman’s visit to France on June 27-28 represented a turning point in the strategic partnership between the two countries.

During the visit, Prince Mohammed shared Vision 2030, the reform program he architected intending to diversify and develop the Saudi economy as well as rely on strategic partners of the Kingdom for its success.
French media agree the plan presents a valuable opportunity for French companies and skills to reach the Saudi market.
In light of the visit’s goals and objectives, French radio France Info said Vision 2030 is an integrated plan to reform the economy and eliminate dependence on oil, a plan not seen before, and includes indicators to measure the performance of ministries, which is lacking even in some developed countries.
Saudi Arabia’s Vision 2030 is aimed at transforming the country into the “Digital Kingdom of Saudi Arabia,” which explains the keenness of Prince Mohammed to meet with senior digital institutions and innovation companies during his state visits, according to the French newspaper Liberation. The paper pointed to the timing of the visit after visiting the United States during the holy month of Ramadan, which demonstrates the keenness to gain time and begin implementation of the plan.
French newspaper La Tribune said modernizing the Saudi economy provides promising opportunities for French companies and skills, especially those with activities in the new and renewable energy sector, as well as the minerals, agriculture, health and IT sectors.
The paper noted, however, that although economic diplomacy has been an important dimension in French diplomacy, it is up to French companies to establish successful partnerships with Saudi companies as Vision 2030 will make the private sector the vehicle for reform and repair.


Security officer, suspect killed in drugs bust gun fight

Updated 42 min 46 sec ago
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Security officer, suspect killed in drugs bust gun fight

  • Two people were killed in the shoot out and another injured
  • Four Ethiopians were also arrested following a chase

DUBAI: A security officer was killed in a gun fight on Tuesday that broke out during a drugs and alcohol raid in Saudi Arabia, state news agency SPA reported.

Security forces were searching a property in the Asir area during the night when a group of men opened fire.

A gun fight broke out during which one of the security forces and one of the suspects – an Ethiopian man - were killed, and a Saudi national was also injured.

The officer killed was later identified as Captain Abdullah Asiri.

Security officers also arrested four other Ethiopians after a chase in the mountainous region.