Saudi crown prince visit ends with $18bn deals, political alignment with France

Updated 12 April 2018
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Saudi crown prince visit ends with $18bn deals, political alignment with France

  • Macron said the two countries agreed on the need to curb Tehran’s regional expansionism
  • The crown prince said Saudi Arabia would not hesitate to take part in military action in Syria with its allies

PARIS: France and Saudi Arabia were aligned on counter-terrorism, Syria, and the importance of cultural exchanges, Saudi Crown Prince Mohammed bin Salman and French President Emmanuel  Macron said at a joint press conference on Tuesday at the Elysee Palace in Paris.

Macron said the two countries had tactical differences on how to deal with the Iran nuclear deal, but they agreed on the need to curb Tehran’s regional expansionism, and France refused to accept its ballistic attacks on Saudi Arabia.

The two countries’ “strategic vision means reducing all the projects of expansionist political Islam which could feed other forms of terrorism and destabilize the region,” Macron said.

On Yemen, he defended French weapons sales to the Saudi-led coalition, but said he was concerned by the humanitarian situation and would host a conference on the issue in Paris.

“Between now and the summer, a joint conference will be held on Yemen to clarify what is being done and what needs to be done,” he said.

On Syria, Macron said France would target the Assad regime’s chemical weapons capabilities if it decided to respond to the chemical gas attack on the city of Douma. The crown prince said Saudi Arabia would not hesitate to take part in military action in Syria with its allies, if it was called for.

The crown prince restated Saudi concerns about the 2015 deal on Iran’s nuclear program. “We do not want a repeat of an agreement that took place in 1938, which resulted in a second world war,” he said. 

What would happen if we reached 2025 and Iran was close to developing a nuclear weapon, he said.

After a three-day royal visit during which France and Saudi Arabia agreed to major cultural exchanges, companies from both countries also signed draft deals worth $18 billion.

The agreements cover sectors including petrochemicals, water treatment, tourism, health, agricultural and cultural activities, and include a $9 billion deal between Aramco and Total to build a petrochemical complex in the Kingdom.

The plant will be built at Jubail, and is expected to produce 8,000 new jobs in the Kingdom.

The crown prince and Macron were expected to sign other agreements before a send-off dinner.

They planned to discuss a “strategic partnership” that would lead to contracts by the time Macron visits Saudi Arabia at the end of the year, the French presidency said.


Jeddah students get closer look at electric motorsport

Updated 24 January 2026
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Jeddah students get closer look at electric motorsport

  • A PIF-linked initiative highlights technical and engineering careers behind electric racing events

JEDDAH: Students from local and international schools in Jeddah were introduced to STEM-related career pathways in electric motorsport this week, as part of an education program linked to the UIM E1 World Championship held on the Red Sea.

The sessions formed part of Driving Force Presented by the Public Investment Fund, an initiative run by Formula E and its electric racing series partners, to familiarize students aged eight to 18 with science, technology, engineering and mathematics through electric racing and sustainability-focused industries.

The sessions for students formed part of Driving Force Presented by the Public Investment Fund, an initiative run by Formula E and its electric racing series partners. (Supplied)

The programme took place alongside the 2026 E1 Jeddah GP and included workshops, school visits and trackside access designed to show how engineering, data, broadcast technology and event operations function within professional motorsport.

According to organisers, the initiative reached more than 60,000 students globally in 2025, with further expansion planned this year. 

HIGHLIGHTS

• The program took place alongside the 2026 E1 Jeddah GP and included workshops, school visits and trackside access.

• Students learned about E1 races and their technical and environmental dimensions and discussed the engineering and marine aspects of electric boats.

• According to organisers, the initiative reached more than 60,000 students globally in 2025, with further expansion planned this year. 

John Williams, managing director at E1, told Arab News: “The PIF is absolutely vital to everything we do here at the E1. They were crucial initial investment partner since the start of the championship and they continue to support us in a number of ways and more specifically around the Driving Force program.”

The sessions for students formed part of Driving Force Presented by the Public Investment Fund, an initiative run by Formula E and its electric racing series partners. (Supplied)

Elaborating more on the program, he said: “What we are doing is presenting and showing these students the available careers of science, technology, engineering and mathematics, as well as careers in sports, not only pilots but also engineers and mechanics.”

Williams added that the main key to the program was bringing a new generation to the mechanism of sport.

“We are introducing to these exciting new technologies around the race but it could be our technology on the boat or our broadcast products, as well as how to manage the event its self. There are a range of opportunities to show it to the children in addition to enjoying the excitement of the race and meeting the pilots.”

The program’s Jeddah activities began at King Abdulaziz University’s faculty of maritime studies, where students took part in a hands-on workshop focused on STEM careers in the motorsport and sustainability areas conducted by technology experts and famous water pilots such as Dani Clos, Emma Kimilainen and Patricia Pita.

Students learned about E1 races and their technical and environmental dimensions and discussed the engineering and marine aspects of electric boats.

They also enjoyed exclusive behind-the-scenes access at the E1 Jeddah GP, pilot meet-and-greets, and front-row seats to watch the RaceBird boats in action.