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Sovereign Wealth Funds Briefing - Categorized | Market

France and Saudi Arabia sign agreements worth EUR10bn

Posted on 15 October 2015

France has signed military, trade and economic co-operation deals worth €10bn (£7.5bn; $11.4bn) with Saudi Arabia. The agreements cover a range of sectors including aerospace, construction and naval research.
Saudi Arabia’s sovereign wealth fund is also to invest $2bn in French private funds with a focus on renewable energy. The deals were signed by French Prime Minister Manuel Valls in Riyadh on 13 October and signal a deepening of relations between the two countries………………………………………..Full Article: Source


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