The statue, weighing more than 800 kilograms and carved from sandstone, will be displayed in the museum for five years. This comes after the RCU signed a deal on Tuesday to begin a collaboration with French museums of heritage.
The statue, which is more than two metres long and 2.3 metres high and is missing its head, dates back to the 5th and 3rd centuries BCE. It represents a rendering of a masculine figure standing upright in a frontal pose.
Experts say it most probably depicts a Lihyanite king, if not a priest or a praying figure.
The statue was unveiled in the Louvre’s hall of Oriental Antiquities.
The statue was discovered at the Dadan archaeological site in AlUla, north-west Saudi Arabia, during excavation work by teams overseen by Riyadh's King Saud University.
About 2,800 years ago, Dadan was one of the most important trade route stations of the ancient world. In about the second half of the 1st millennium BCE, the Dadan kingdom was ruled by the kings of the Lihyan tribe, who stayed in power for many centuries.
The statue was previously displayed as part of Roads of Arabia, a travelling exhibition that first appeared at Louvre Abu Dhabi from November 2018 to February 2019. The exhibition was then held in Rome, Berlin, Paris, Barcelona, St Petersburg, Houston and Tokyo.