A maritime line will be opened between Morocco and Saudi Arabia in the coming weeks in order to breathe new life into economic cooperation and trade between the two countries, announced on April 19, 2022, Khalid Benjelloun, President of the Council Moroccan-Saudi Business.
The Federation of Saudi Chambers has signed an agreement to this effect with a shipping company to set up a direct line between Morocco and Saudi Arabia, Mr. Benjelloun said, at the end of the work of the Forum of Moroccan-Saudi affairs in Jeddah.
Saudi Arabia is Morocco’s largest trading partner in the Arab world. The total value of bilateral trade amounted to 17.2 billion dirhams in 2021 ($1.76 billion), according to data provided by the Minister of Industry and Trade, Ryad Mezzour, who leads the delegation. Moroccan during this forum. In this regard, Mr. Benjelloun called for the need to relax administrative restrictions on exports and imports and the establishment of a Moroccan-Saudi investment fund to facilitate market access. to small and medium-sized enterprises, encourage partnerships between companies of the two countries, as well as help them obtain financing.
