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Saudi Arabia, Morocco to boost investment partnership

by | May 25, 2021

Saudi Arabia, Morocco to boost investment partnershipRabat, (IINA) : Under its Vision 2030, Saudi Arabia is determined to boost economic partnership with Morocco, particularly by increasing the volume of Direct Foreign Investment, says Mohamed Fahd Al Ahmadim, head of Moroccan-Saudi Council of Business, Morocco World News reported Tuesday.

The statement was made during a preparatory meeting of the council held in Casablanca.

Al Ahmadim stressed that the council’s delegation will have a series of meetings with the Saudi-Moroccan businessmen and financial figures to discuss aspects of economic cooperation, adding that Saudi Arabia’s Vision 2030 offers outstanding investment facilities.

The visit will also reopen the discussion on the proposed maritime commercial line between the two kingdoms, noted Ahmadim, pointing out that this project will undoubtedly boost the volume of trade between the two countries.

This visit is one of the first activities of the Saudi Council abroad for the 2016-2019 session, as part of the recently adopted Council plan for a series of economic activities in Morocco Joint Saudi Arabia, in order to strengthen cooperation relations in the trade and investment sectors between the two kingdoms.

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