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RIYADH: Economic ties between Saudi Arabia and Morocco are being strengthened, particularly in the energy sector, as an official delegation from the Kingdom visits the northwest African country to explore opportunities for cooperation.

Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef began his official visit to Rabat on June 3.

According to the Saudi Press Agency, he will lead the kingdom’s delegation to the 28th session of the General Assembly of the Arab Industrial Development, Standardization and Mining Organization, which will be held in the Moroccan capital from June 4 to 6.

According to Alkhorayef, he and the Moroccan officials discussed ways to improve cooperation in key areas. “We also reviewed the promising investment opportunities in both countries and opened new horizons for a sustainable partnership,” the Saudi minister said.

He added that he discussed the achievements of Saudi Vision 2030 with a group of Moroccan opinion leaders and economic analysts, focusing on the industrial and mining sectors.

“We also exchanged views on a range of economic issues, highlighting the importance of the media and its central role in spreading awareness and achieving development goals,” he said.

Meanwhile, the Minister of Industry held talks with Leila Benali, Morocco’s Minister of Energy Transition and Sustainable Development, and Nadia Fettah, Morocco’s Minister of Economy and Finance. The officials discussed expanding economic cooperation between the two kingdoms.

During the meeting, they also discussed cooperation opportunities and partnerships in the mining sector, including the development of the phosphate industry, benefiting from the accumulated experience of both countries to improve the competitive advantage of phosphate fertilizers and access to new markets.

They also discussed cooperation in regional trade, including overcoming obstacles to the import and export of key minerals in the region, as well as cooperation in the field of export development and supporting the promotion of Saudi exports in Morocco.

The meetings were attended by Khalid bin Saleh Al-Mudaifer, Saudi Deputy Minister of Industry and Mineral Resources for Mining Affairs, and Sami bin Abdullah Al-Saleh, Saudi Ambassador to Morocco.

In addition, Alkhorayef held a meeting with the heads of major mining companies in Morocco, attended by some of the country’s most significant investors in the sector.

The meeting focused on intensifying cooperation and examining the significant investment opportunities offered by the Saudi mining sector, as well as the services and incentives offered by the Kingdom’s ministry to investors.

The meeting also highlighted the ministry’s efforts and plans to develop the mining sector to capitalize on Saudi Arabia’s vast mineral resources, estimated at over SR9.3 trillion (US$2.48 trillion).

In addition, the meeting, which was also attended by Benali, discussed opportunities for cooperation in the field of mining and the use of mineral resources in both countries.

The meeting, held at the Moroccan Ministry of Energy Transition and Sustainable Development, discussed Saudi Arabia’s comprehensive strategy for the metals and mining industry, the mining investment system, and the sector’s legal framework and regulations.

In its report, SPA added that Alkhorayef is scheduled to meet with several government and private sector leaders, as well as heads of mining companies. The minister will also visit Moroccan companies and factories to strengthen cooperation in the industrial and mining sectors and explore investment opportunities.

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