logo-en
  • Home
  • Companies
  • Investors
    • Home
  • FinTech Hub
  • News
LoginRegister
  • english iconEnglish
  • english iconArabic
  1. Mubasher News
  2. PIF, Bpifrance sign $10bn MoU to enhance mutual cooperation

PIF, Bpifrance sign $10bn MoU to enhance mutual cooperation

GHADA.ISMAIL
Dec 5, 2024
Under this agreement, Bpifrance Assurance Export will provide up to $10 billion in financing support to PIF and its portfolio companies

Riyadh – Sharikat Mubasher: The Public Investment Fund (PIF) and Bpifrance Assurance Export, represented by the French Treasury office in Riyadh, announced signing a memorandum of understanding (MoU) to enhance bilateral collaboration and support between the two organizations.

Under this agreement, Bpifrance Assurance Export will provide up to $10 billion in financing support to PIF and its portfolio companies, according to a joint press release.

Spanning a five-year period, the MoU focuses on advancing projects aligned with Saudi Vision 2030. This partnership underscores PIF's commitment to transforming and diversifying Saudi Arabia’s economy by fostering growth across emerging sectors, creating new companies, and generating jobs.

As a cornerstone of Vision 2030 and a globally impactful investor, PIF is dedicated to forging strategic global partnerships. This MoU reinforces its strategy to expand international financial collaboration and build lasting alliances.

Rasees AlSaud, Head of Financial Institutions and Investor Relations at PIF, said: “The MoU is another milestone in PIF’s strategy to further strengthen its range of strong relationships with leading international financial institutions and export credit agencies. This MoU will unlock new opportunities for French and Saudi companies to build new collaborations, as well as exchange knowledge and experience, resulting in mutually beneficial outcomes.”

Denis Le Fers, General Director of Bpifrance Assurance Export, said: “This agreement will mutually benefit both countries by strengthening Franco-Saudi commercial relationships, increasing trade flows, and developing opportunities for French companies to forge new partnerships, as well as contributing to the development of Saudi Vision 2030.”

Tags

Bpifrance
PIF
investment
Saudi Arabia
Share

Attract clients with your ad

Start Now

Trending

MODON signs SAR 4.26 bn deals to localize military industries
MUBASHER.SA
Emergence fully acquires UAE’s AlgoDriven to offer superior AI data solutions
MUBASHER
Broadnet expands messaging portfolio, Strengthens Saudi market presence
MUBASHER
CEER to start manufacturing EVs in Q4-26
MUBASHER.SA
BlueFive unveils aircraft leasing platform BlueFive Leasing
MUBASHER

Related News

Private Equities News
Calendar Icon
Feb 12, 2026
MODON signs SAR 4.26 bn deals to localize military industries
Read More
Private Equities News
Calendar Icon
Feb 12, 2026
Emergence fully acquires UAE’s AlgoDriven to offer superior AI data solutions
Read More
Private Equities News
Calendar Icon
Feb 12, 2026
Broadnet expands messaging portfolio, Strengthens Saudi market presence
Read More
Private Equities News
Calendar Icon
Feb 12, 2026
CEER to start manufacturing EVs in Q4-26
Read More
Private Equities News
Calendar Icon
Feb 12, 2026
BlueFive unveils aircraft leasing platform BlueFive Leasing
Read More
Private Equities News
Calendar Icon
Feb 12, 2026
FII Institute, JD.com sign three-year logistics partnership
Read More
Private Equities News
Calendar Icon
Feb 12, 2026
HUMIAN acquires controlling stake in ai.io, launches HUMAIN Sport
Read More

Sharikat Mubasher Newsletter

Get insights and exclusive content from the world of business and finance that you can trust delivered to your inbox

Email is Required
Should be a valid email

Democratizing private equity investments

  • Home
  • Companies
  • Investors
  • FinTech Hub
  • News
  • Contact Us
  • Sitemap
2024 All rights reserved to Sharikat Mubasher