The Saudi Ports Authority has signed a memorandum of understanding with a major French port to enhance cooperation in various areas, including digital transformation towards smart ports. This collaboration is set to play a crucial role in facilitating international trade.
The agreement, announced recently, aims to boost international trade, support the marine environment, and promote Green Port Initiatives. The announcement was made during the Vision Golfe 2024 event, organized by a national agency supporting the international development of the French economy.
The two-day event, held in Paris under the patronage of the French President, brought together key figures from both countries. The memorandum was signed by the President of the Saudi Ports Authority and the Chief Executive Officer of the French port. The signing ceremony was attended by several officials, including the Saudi Ambassador to France and the Chief Executive Officer of the organizing agency.
The memorandum aims to enhance efforts in adding economic value to both countries, fostering innovation, exchanging expertise, and developing leading capabilities in the Kingdom's ports. This aligns with the objectives of the National Transport and Logistics Strategy to strengthen the Kingdom's position as a global logistics hub connecting three continents.
During the forum, a panel discussion titled "The Future of Infrastructure" took place. A senior representative highlighted initiatives in developing port infrastructure, ongoing major projects, and promising investment opportunities within the ports.
The Vision Golfe 2024 event serves as a significant annual economic and commercial gathering aimed at boosting trade cooperation between France and the Gulf Cooperation Council countries. It brings together key decision-makers from the public and private sectors in the Gulf countries, as well as various international leaders.
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