France and Saudi Arabia agreed on Wednesday to press ahead with feasibility studies to build two flagship Areva-designed EPR nuclear reactors as the two allies firm up business ties amid tensions across the region.
The countries set up a joint committee in May to finalize some 20 projects across sectors ranging from defense to transport infrastructure and civil aviation over the coming months; worth billions of euros.
"We are about to sign deals worth $12 billion," French Foreign Minister Laurent Fabius told a news conference ahead of a ceremony between President Francois Hollande and Saudi Deputy Crown Prince Mohammed bin Salman.
For more details, watch Nicole Hajal’s report in the video above