Several trade deals expected during Hollande visit to Saudi Arabia

During his visit, the French president is expected to sign a number of trade deals with Saudi Arabia

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French President Francois Hollande has arrived in Riyadh Sunday on an official visit to the Kingdom during which he will meet Custodian of the Two Holy Mosques King Abdullah, the Saudi Press Agency (SPA) reported on Saturday.

During the meeting, they will discuss bilateral relations and ways of enhancing them in various fields as well as regional and international issues of common interest.

According to French daily Le Figaro, the French president is expected to sign several trade deals.

Relations between Saudi Arabia and France, in all fields, have been described as outstanding.

In 2011, trade (imports and exports) between the two countries showed a very marked increase 17 percent totaling 7694 million euros compared to 6586 million euros in 2010, despite a decline in the value of French exports.

The structure of French imports from Saudi Arabia is traditionally marked by the preponderance of petroleum products and petrochemicals 98 percent, or 4481 million euros in 2011.

This article was first published on the Saudi Gazette.

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