Rabat, Sha'ban 6, 1435, Jun 4, 2014, SPA -- Dr. Tawfiq bin Fawzan Al-Rabeeah, Minister of Commerce and Industry, signed here today a momradnuem of understanding with Moroccan Minister of Industry, Trade, Investment and Digital Economy Hafiz Al-Almi for developing trade exchange between the Kingdom of Saudi Arabia and the Kingdom of Morocco. In a statement to Saudi Press Agency (SPA), Dr. Fawzan said that the Kingdom of Saudi Arabia always provides necessary funds for the development of the industrial sector, pointing out that the Kingdom has allocated during the current year SR875 billion where 6,189 factories in various productive sectors are benefited. He added that the Kingdom has a trade surplus amounting to SR1,005 billion and the volume of trade exchange with the countries in the world are more than SR two trillion, pointing out that these industrial projects in the Kingdom and distinct commercial relations are contributed in creating a great economic and industrial renaissance. --SPA 22:51 LOCAL TIME 19:51 GMT www.spa.gov.sa/w