Saudi Arabia And Morocco Discuss Paths To Strengthen Economic Ties

The Minister of Industry and Mineral Resources, Bandar bin Ibrahim Al-Khorayef, recently engaged in discussions with Moroccan ministers to explore avenues for enhancing economic cooperation between Saudi Arabia and Morocco. Al-Khorayef met with the Minister of Energy Transition and Sustainable Development, Leila Benali, and the Minister of Economy and Finance, Nadia Fettah Alaoui, during his visit to Morocco.

The meeting focused on strengthening Saudi-Moroccan cooperation in the mining sector, developing economic collaboration fields, and empowering financial institutions. Vice Minister for Mining Affairs at the Ministry of Industry and Mineral Resources Eng. Khalid bin Saleh Al-Mudaifer and Saudi Arabia's Ambassador to Morocco Sami Al-Saleh were also present.

In discussions regarding mining cooperation and partnership opportunities, the two sides explored the development of the phosphate industry. They aimed to utilize the extensive experience of both countries to enhance the competitive advantage of phosphate fertilizers and access new markets. Cooperation in regional trade was also addressed, including the removal of obstacles to the import and export of vital minerals in the region.

Additionally, they discussed collaborative efforts in export development and support for promoting Saudi exports in Morocco. Al-Khorayef's visit to Morocco is aimed at leading the Kingdom's delegation to the 28th General Assembly of the Arab Industrial Development, Standardization, and Mining Organization (AIDSMO) in Rabat.

The discussions underscored the importance of partnerships with Morocco in the industry and mining sectors. The meeting highlighted mutual interests in enhancing economic ties and leveraging shared expertise for mutual benefit.

With inputs from SPA