(MENAFN) French Defense Minister Jean-Yves Le Drian announced that Saudi Arabia and France have signed a USD1.76 billion deal to modernize two French refueling ships and four frigates, according to Arab News.
The deal is considered as a step towards strong relations between Saudi and France.
The two countries discussed their foreign policy goals during the meeting.
Le Drian said: "The multibillion-riyal contract to overhaul frigates and refueling ships came into effect on Monday."
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