Saudi Electricity signs financing agreement with Bpifrance for grid projects
Zawya·
- Saudi Electricity Company signed a cooperation agreement with France's Bpifrance to finance the development and expansion of the Kingdom's electricity grid.
- The agreement builds upon a November 2025 memorandum of understanding to diversify funding sources and support procurement facilities for strategic projects.
- BNP Paribas and HSBC will coordinate the financing mechanism, with future plans to broaden international lender participation and include other French companies.
