Casablanca, October 04, 2022, SPA -- The Federation of Saudi Chambers and the General Confederation of Moroccan Enterprises (CGEM) organized today the Moroccan-Saudi Economic Forum in Casablanca, Morocco, in the presence of Minister of Commerce Dr. Majid bin Abdullah Al-Qasabi, and Moroccan Minister of Industry and Trade Riad Mazur, with the participation of 130 Saudi and Moroccan companies, in order to advance the economic partnership that links the two kingdoms, strengthen commercial cooperation and expedite investments in the targeted sectors. Minister of Commerce Dr. Majid bin Abdullah Al-Qasabi stressed, during his speech at the forum, the need for business owners in the two countries to agree to draw up plans for attracting and a clear roadmap and targets for the Saudi-Moroccan economic relations, noting the opportunities that the Kingdom of Saudi Arabia and Morocco have in light of the projects of the Kingdom's Vision 2030, especially joint investment opportunities in Africa and Europe. For his part, Moroccan Minister of Industry and Trade Riad Mazur said that it is aimed to raise the volume of trade exchange between the Kingdom of Saudi Arabia and Morocco to $5 billion annually in the coming years, stressing that this goal is possible in light of the huge opportunities and capabilities of the two countries, calling on Saudi investors to benefit from 670 industrial projects in Morocco. A number of Saudi and Moroccan entities discussed the opportunities and services available to investors, including: Ministry of Investment, the Saudi Export Development Authority, the National Center for Palms and Dates, and the Moroccan Bank of Industrial Projects. --SPA 19:07 LOCAL TIME 16:07 GMT 0027 www.spa.gov.sa/w1794041