Businesses from Saudi Arabia and Morocco are considering establishing a joint investment fund to finance projects in both countries, following discussions between delegations in Rabat this week. A 30-member Saudi business delegation met with Moroccan counterparts to discuss the proposal, arriving as Morocco prepares for massive infrastructure development ahead of co-hosting the 2030 FIFA World Cup. «The discussions with the Saudi delegation focused on a proposal to set up a joint investment fund. Further talks are planned to ensure this proposal comes to fruition», said Chakib Alj, president of the General Confederation of Moroccan Enterprises. Saudi investors expressed interest in the food industries, chemicals, mining, energy, renewable energy, and technology sectors. Hassan bin Mujeeb, Chairman of the Council of Saudi Chambers, confirmed Saudi Arabia's investment intentions in Morocco. Two-way trade between the countries reached $2.9 billion in 2024, with Saudi exports to Morocco totaling $2.7 billion. However, officials noted that trade relations remain below potential due to customs obstacles and logistical difficulties.
