Saudi Arabia’s Monetary Diplomacy in France

Saudi Arabia’s Monetary Diplomacy in France
Thu Jun 25, 2015 12:12:05

Saudi Arabia’s authorities pay a visit to France to regain France’s support by means of Saudi monetary diplomacy, Al-Alam News Network reports.


Saudi Arabia and France agreed on Wednesday to sign $12 billion of deals.

The announcement was made on Wednesday during a visit by Saudi Deputy Crown Prince and Defense Minister Mohammed bin Salman bin Abdul Aziz Al Saud to Paris.

Saudi and French officials are finalizing negotiations on the contracts that include 23 H-145 multipurpose helicopters for the Saudi Interior Ministry as well as 50 Airbus jets.

Saudi Arabia also wants to purchase about 30 patrol boats for its navy.

French Foreign Minister Laurent Fabius defended the selling of French patrol boats to Riyadh, saying they are meant "to enhance the capability of the Saudi Coast Guard, which is today facing growing threats."

A French government statement also said conducting a study for two new-generation nuclear reactors, and nuclear waste and nuclear safety training for Saudi Arabia is a component of the contracts.

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