French companies are increasingly viewing Saudi Arabia as more than a domestic market, positioning it as a base for expansion across the Middle East and wider region. The kingdom is seeking to establish itself as a hub for manufacturing, technology, exports and regional management under Vision 2030, which aims to diversify the economy beyond oil.

By the end of 2025, Saudi Arabia had 12,946 factories. During that year, it issued 1,660 new industrial licences with potential investments of about €17.1 billion, while 1,201 factories began production. The country has 36 industrial cities and more than 700 ready-built factories. Eligible investors in four special economic zones can receive a 5% tax rate for up to 20 years, while the Saudi Industrial Development Fund may finance up to 75% of eligible project costs.

French firms including Schneider Electric, Vallourec and Tarkett are expanding industrial operations in Saudi Arabia, with Tarkett establishing a manufacturing joint venture in Jeddah. Non-oil exports and re-exports reached €83.4 billion in 2025 across more than 180 countries. Riyadh hosts more than 750 regional headquarters, including 39 French companies, while French direct investment reached about €16.3 billion in 2024.