RIYADH: Investments and trade between Saudi Arabia and France have marked a significant increase, according to French Ambassador Bertrand Besancenot.

In fact, France is one of the largest European countries actively promoting economic relations with Saudi Arabia, especially in technology, energy, infrastructure, transportation and training, SPA reported quoting the French envoy.

Making a statement on the occasion of the visit to France by a Saudi trade delegation, the envoy said the “high-level and important” relationship between the two countries had resulted in doubling the bilateral trade volume to more than 10 billion euros in 2014, an increase of 10 percent compared to 2013.

The ambassador said the two countries have signed a number of agreements in the field of protection and promotion of investments. “The investments between the two countries are important as France represents the third investor in the Kingdom, where the FDI (foreign direct investment) amounts to $15.3 billion compared to 900 million euros Saudi investment in France, the ambassador stated.