- Morocco-Saudi pact protects mutual investments, boosts ties.
- Targets renewables, industry; creates youth jobs.
- Trade up to $2.65B; billions in Saudi inflows eyed.
Morocco and Saudi Arabia have agreed on a formal agreement to promote and safeguard mutual investments, facilitating the investor economic relations and protection of rights in the context of bilateral cooperation that is deepening. The signature of the agreement was made in Rabat, by the Moroccan Minister of Economy and Finance Nadia Fettah Alaoui and the Saudi Minister of Investment Khalid Al-Falih, who together with the members of the delegation, was on an official visit.
The Saudi Ministry of Investment shared on X that the pact is designed to strengthen bilateral economic relations, guarantee the rights of investors, and make the flow of capital across different sectors easier. Some of the main elements of the agreement are a stable and transparent investment environment, fair treatment, freedom of transfers of funds, protections against confiscation without compensation, and the right to resort to international arbitration for conflicts.
The talks also dealt with measures to enhance financial links, synchronize policies, invigorate the economy, and provide funds for large projects.Al-Falih conversed with his Moroccan counterparts such as the Minister of Investment Karim Zidane and the Minister of Industry and Trade Ryad Mezzour in addition to the leaders of business.
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The discussions that took place revolved around the mutual visions for sustainable development, the assessment of the policies, the improvement of the business environment, the industrial-commercial synergy, the promotion of manufacturing, the attraction of new investments, and, as a result, jobs for young people from both countries.
This collaboration targets strategic areas: renewable energy, leveraging Morocco's solar and wind potential for Saudi-backed green hydrogen initiatives; industrial growth in automotive, mining, and phosphates via secure supply chains and joint ventures; and infrastructure-tourism boosts aligned with Saudi Vision 2030. Al-Falih lauded Morocco's stable institutions and markets as prime expansion hubs for Saudi firms diversifying from oil, with billions in potential capital inflows.
Bilateral trade has risen to 26.4 billion dirhams ($2.65 billion) in 2024 from 24.6 billion, where exports amounted to 1.15 billion and imports to 24.8 billion, indicating the possibilities of balanced growth through increased Moroccan production. This agreement represents a new step in the relationship between the Gulf and North Africa, with a potential to generate long-lasting sustainable prosperity.