Saudi Aramco has signed a series of high-value supply agreements and a digital memorandum of understanding (MoU) with leading French industrial firms, carrying a potential combined value exceeding $3.7 billion.
Announced on the sidelines of the French-Saudi Investment Roundtable in Paris held during the official state visit of Saudi Crown Prince Mohammed bin Salman the agreements reflect a strategic push by Aramco to reinforce its global supply chain, enhance operational resilience, and integrate advanced technology.
The bilateral package includes major corporate procurement agreements with French-headquartered engineering and manufacturing majors:
- SLB & Vallourec: Strategic procurement and supply agreements signed with SLB and tubular solutions manufacturer Vallourec to supply specialized well-drilling equipment and high-grade steel Oil Country Tubular Goods (OCTG) for upstream oil and gas developments across Saudi Arabia.
- Aramco Digital & Dassault Systèmes: Aramco Digital finalized an MoU with software developer Dassault Systèmes to collaborate on industrial artificial intelligence (AI), 3D virtual twin technologies, and predictive modeling for energy assets.
Aramco President and CEO Amin H. Nasser emphasized that expanding partnerships with international technology and supply leaders strengthens the company’s operational continuity while fostering localized economic growth, capability building, and technology transfer in line with Saudi Arabia’s Vision 2030 objectives.
The deals come as total French direct investment in the Kingdom topped €16.3 billion, highlighting a deepening economic partnership between Riyadh and Paris across industrial, digital, and logistics sectors.
