1998 News Story

French trade minister on visit to Kingdom

French Minister for Foreign Trade Jacques Dondoux and his accompanying delegation were welcomed at King Abdul Aziz airport on Saturday evening by Commerce Minister Osama Faqih and a number of officials.  During their three-day visit to the Kingdom of Saudi Arabia the delegation met with Prince Salman Ibn Abdul Aziz, Governor of Riyadh Province;  and held separate meetings with Minister of Petroleum and Minerals Ali Ibn Ibrahim Al-Naimi, Minister of Finance and National Economy Dr. Ibrahim Al-Assaf, Minister of Industry and Electricity Dr. Hashim Ibn Abdullah Yamani, Communications Minister Dr. Nasir Ibn Muhammad Al-Salloum, and Minister of Agriculture and Water Dr. Abdullah Ibn Abdul Aziz Muammar.

In a statement following his meeting with the French Minister, Oil Minister Al-Naimi said that the Kingdom has strong relations with France in the area of oil and minerals, since Saudi Arabia exports almost half a million barrels of crude oil a day to France, accounting for more than 25 percent of total French oil imports, and French geologists have been working for many years in Saudi-French joint investment projects for the extraction of minerals.   Minister Al-Naimi went on to say that there are also a number of French companies working in the service sector in the Kingdom, with contracts valued at more than U.S. $ 700 million.