Morocco and Saudi Arabia are strengthening their strategic partnership, focusing on boosting trade and investment between the two influential MENA nations. Both countries are set to attract global attention as they prepare to host upcoming World Cup events, prompting significant infrastructure and service investments.
Saudi Arabia, a major economic force in the Gulf, and Morocco, which has undergone substantial development in recent decades, see new opportunities for cooperation. Morocco’s recent reforms, including an investment charter offering incentives like tax breaks and streamlined procedures, aim to attract greater foreign investment.
Currently, the trade relationship is heavily weighted in Saudi Arabia’s favor, largely due to its hydrocarbon exports. Moroccan imports from Saudi Arabia reached about $3 billion last year, with petroleum products making up the majority. Moroccan exports to Saudi Arabia remain comparatively small, but new energy developments in Morocco could shift this balance in the future.
Efforts to diversify and expand trade include launching a direct shipping line connecting key ports in both countries, improving logistics and strengthening commercial ties. This initiative is part of a broader strategy to deepen economic integration and facilitate growth in sectors like food, renewable energy, and tourism.
Recent meetings between Saudi business leaders and Moroccan officials have highlighted a shared commitment to expanding bilateral trade, which grew by over 7% last year. Both sides aim to further enhance economic collaboration and create new opportunities for investment.