Rabat – Ryad Mezzour, Morocco’s Minister of Industry and Trade, and Khalid Al-Falih, Saudi Arabia’s Minister of Investment, reaffirmed on Monday in Rabat their shared commitment to strengthen the industrial and trade partnership between the two countries.
Speaking to the press after his meeting with Al-Falih, Mazour said that the visit reflects the implementation of the strategic and brotherly partnership between Morocco and Saudi Arabia, under the leadership of King Mohammed VI and King Salman bin Abdulaziz Al Saud.
Mazour noted the strong economic, trade, and investment ties between the two countries, noting that Saudi Arabia is Morocco’s top partner in the Arab world and one of its largest investors.
He explained that the Saudi minister’s visit aims to reinforce industrial cooperation, boost Saudi investments in Morocco, promote Moroccan exports to the Saudi market, and create more job opportunities for young people by supporting national production capacity.
For his part, Al-Falih said that his visit reflects a shared desire to give new momentum to Moroccan-Saudi economic cooperation. He pointed out that Saudi Arabia is already one of Morocco’s main investors, especially in renewable energy projects.
During the visit, the two countries signed an agreement on the promotion and mutual protection of investments. The new deal seeks to strengthen investor confidence and create an attractive framework for financing and cooperation in key sectors like automotive industries, mining, and phosphates.
Both ministers stated that the growing partnership will not only boost trade and investment but also support sustainable development and industrial growth in both countries.
MWN with MAP
