France, Saudi Arabia agree on $7bn theme park project near Paris
France and Saudi Arabia have signed a $7 billion agreement to develop a massive theme park project near Paris. The initiative, led by Saudi Arabia's Qiddiya, aims to boost economic ties and create thousands of jobs in the tourism and entertainment sectors.
Why it matters
The deal signifies a deepening economic and strategic partnership between France and Saudi Arabia, spanning multiple industries including AI and defense.
The theme park project is among a raft of deals spanning energy, defence, AI and tourism signed during Saudi Crown Prince Mohammed bin Salman’s visit to Paris.
x whatsapp-stroke copylink google Add Al Jazeera on Google info play video play video Video Duration 01 minutes 10 seconds play-arrow 01:10 Saudi Arabia and France boost cooperation: agreements reached on theme parks, AI and defence
France and Saudi Arabia have announced plans for a six-billion-euro ($7bn) amusement park near Paris, following talks between French President Emmanuel Macron and Saudi Crown Prince Mohammed bin Salman at the Elysee Palace.
The agreement was among a raft of deals signed on Monday as Macron and Prince Mohammed, who is also known as MBS, seek to boost economic and defence ties between their two countries.
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