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Saudi–Moroccan Investment Forum will be held in cooperation with the Chamber of Commerce and Industry in Jeddah.
The forum is expected to enjoy wide participation from Saudi and Moroccan investors, as well as government officials from both countries.
The head of the council, Mohammad Al-Hamady noted that the total volume of trade between the two countries amounted to roughly SAR 12 billion (USD 4.4 billion) in 2011, with Saudi Arabia exporting far more to Morocco than it imports.
The economic and trade relations between the two countries have been growing steadily withMorocco becomingSaudi Arabia’s sixth-largest trading partner.
Saudi Arabia is the third-largest foreign investor in Morocco, according to Hamady. He affirmed that funding from the Gulf country for Moroccan development projects would reach USD 1.2 billion over the next five years.
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