The President of the Federation of Saudi Chambers, Hassan Al-Huwaizi, pointed to the remarkable development between the Kingdom of Saudi Arabia and the Kingdom of Morocco, considering that "Saudi-Moroccan relations have witnessed tangible momentum and development and improvement in trade and investment."
During the Saudi-Moroccan forum held in Riyadh, Saudi Arabia, in the presence of a large Moroccan delegation that included more than a hundred companies representing 15 sectors, Al-Huwaizi revealed that the volume of trade exchange between the two countries increased at a record high in 2022 to grow by 223 percent and reach about $ 4.4 billion on an annual basis. The value of Saudi exports to Morocco increased by 234 percent, and Moroccan imports to Saudi Arabia by 153 percent.
"These figures are an indicator of the success of joint efforts and the interest that bilateral relations receive from officials in the public and private sectors of the two countries."
Source (Al-Arab Newspaper of London, Edited)
