The Ministry of Finance  has organized,  on Tuesday 21/10/1437 H the meeting of  the industrial partnership with the French side in Saudi Arabia (IKIP)), in the presence of representatives from the Ministry of Defense and more than 60  Saudi and French manufacturing companies at the Ritz Carton Hotel in Riyadh.

The Ministry of Finance  Stressed the importance of this meeting to activate the aspirations of the Kingdom of Saudi Arabia in 2030 vision through a real transfer of knowledge and technology, as well as achieving  higher economic payoffs.

During this forum and workshops,  50 agreement were signed between Saudis and the French manufacturers showing the clear intention of the participants to fall within the framework of  this partnership, also have presented more than 25 projects of actual industrial cooperation between national Saudi and French companies in topics  as different as electronics, optics, maintenance and integration of complex systems and training.

In this regard, ODAS has been designated by both Saudi and French Authorities to run the contract called SFMC (as Saudi-French Military Contract) dedicated to provide the Royal Saudi Armed Forces with state-of-the-art weaponry. In that frame, more than 25 French companies are involved under the umbrella of ODAS, which plays the role of catalyst for the development of industrial cooperation within the Kingdom.