Saudi Energy and Bpifrance Sign $3 Billion Deal to Expand Saudi Power Grid

Saudi Energy has signed a cooperation agreement with France’s Bpifrance worth up to $3 billion to help finance projects to develop and expand Saudi Arabia’s electricity grid. The deal, announced during the Saudi-French investment roundtable in Paris, builds on a November 2025 memorandum of understanding and is intended to support procurement, diversify funding sources, and improve grid reliability and stability. It also reflects broader Saudi-French economic cooperation and comes as Saudi Arabia continues major investment in its power infrastructure.