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Morocco and Saudi Arabia strengthen trade and industrial ties with new deal
Morocco’s Minister of Industry and Trade, Ryad Mezzour, and Saudi Arabia’s Minister of Investment, Khalid Al-Falih, reaffirmed on Monday in Rabat their commitment to deepen industrial and trade collaboration between the two nations.
Speaking to the press after their meeting, Mezzour emphasized that the visit demonstrates the ongoing implementation of the strategic and fraternal partnership between Morocco and Saudi Arabia, guided by His Majesty King Mohammed VI and King Salman bin Abdulaziz Al Saud.
Highlighting the strong economic and investment links, Mezzour noted that Saudi Arabia is Morocco’s leading partner in the Arab world and among its largest investors. He explained that Al-Falih’s visit aims to reinforce industrial cooperation, increase Saudi investments in Morocco, promote Moroccan exports to the Saudi market, and generate more job opportunities for youth through enhanced national production capacity.
Al-Falih echoed these sentiments, describing the visit as a reflection of both countries’ desire to inject new momentum into Moroccan-Saudi economic cooperation. He highlighted Saudi Arabia’s significant investments in Morocco, particularly in renewable energy projects.
During the visit, the two ministers signed an agreement on the promotion and mutual protection of investments. The deal is designed to boost investor confidence and establish an attractive framework for cooperation and financing in strategic sectors including automotive, mining, and phosphates.
Both leaders stressed that the growing partnership will not only expand trade and investment but also foster sustainable development and industrial growth across both nations.
