Monday, January 17

Economy. Emmanuel Macron in Saudi Arabia: contracts obtained by Airbus Helicopters and Veolia

Emmanuel Macron arrived this Saturday in Jeddah, on the west coast of Saudi Arabia, to discuss with Crown Prince Mohammed ben Salman. On the sidelines of this visit, Airbus announced that it will soon provide 26 civilian helicopters to a Saudi company.

The day after the sale of 12 Caracal military helicopters to the Emirates, the European group signed a contract in Jeddah on Saturday providing for the sale of these 26 helicopters -20 H145 and 6 H160- to The Helicopter Company (THC). The amount of the transaction was not disclosed.

This company was created in 2019 by the Saudi Public Investment Fund (PIF), as part of the country’s economic diversification, to meet the “growing demand for luxury tourism and air transport services”. It already operated 10 H125 Ecureuil light helicopters.

Veolia wins a contract to manage drinking water services in Riyadh

The world leader in water and waste, Veolia, for its part announced that it had obtained the contract for the management of drinking water and sanitation services in Riyadh and 22 peripheral municipalities. This seven-year contract represents a turnover of 82.6 million euros, according to the French group.

Veolia has also signed a “strategic partnership agreement” with the Saudi Ministry of Investment to “improve the operational, energy and commercial performance of the water sector throughout the country”, and extended its links with the oil giant Saudi Aramco. The French group becomes Saudi Aramco’s “exclusive partner” for the treatment of its industrial and non-hazardous waste, ie 200,000 tonnes per year in addition to the 120,000 tonnes of hazardous waste already handled by Veolia.

Emmanuel Macron’s sensitive visit to Saudi Arabia

Emmanuel Macron made this Saturday the last stop of an express tour in the Gulf, in Jeddah, where he met Crown Prince Mohammed ben Salman, a strongman of the kingdom, whose international image was strongly tarnished by the assassination in 2018 by Saudi journalist Jamal Khashoggi.

On the first day of the French president’s tour on Friday, the United Arab Emirates signed an agreement to acquire 80 Rafale fighter jets – a record order for the fighter jet that entered service in 2004 – for 14 billion euros.

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