The contracts involve military, energy, health, food, and aeropsace sectors said office of French PM who is currently on a visit Saudi Arabia.
Deals under discussion during the French president's trip to Riyadh centre on nuclear energy, oil, arms, transportation and naval equipment.
France is hoping to conclude several aerospace and nuclear production deals during China president Xi Jinping's visit to Europe this month.
France's economy shrank by 0.1% in the third quarter but ministers insist that the overall figures for 2013 will show growth.
Amesys, a subsidiary of French IT company Bull, which provided former Libyan dictator Muammar Gaddafi with technology to spy on emails and chat forums, has threatened former employees with legal action in a bid to stop them revealing to the media further details of the deal. In the negotiations to secure the contract, sealed with the Gaddafi regime in 2007, the company, operating under its former name i2e, delivered Tripoli with a sample of its internet spying capabilities in the form of eavesdropped personal messages exchanged by staff at a Paris university. The deal with Libya was one of several brokered by arms dealer and intermediary Ziad Takieddine, and enjoyed the backing of the then-French interior minister Nicolas Sarkozy. Fabrice Arfi and Karl Laske report.