Aramco signs agreements with French companies – The National

Aramco signs agreements with French companies – The National

Saudi Aramco signed five agreements with French companies on Saturday, including a deal with Gaussin that aims to set up a manufacturing plant in the kingdom for on-road and off-road hydrogen-powered vehicles, the company said.

The agreements were signed in Jeddah at an event organised by the Ministry of Investment to explore opportunities for French companies in Saudi Arabia, during a visit by French President Emmanuel Macron who arrived in the kingdom as part of his tour of several Gulf Arab states, including the UAE.

As part of the agreement between Aramco and Gaussin, the two companies will explore the feasibility of a manufacturing plant and a hydrogen-distribution business to serve the Middle East region, Aramco said.