Saudi Arabia eyes untapped opportunities in Mauritania, Morocco

Saudi Arabia is strengthening its trade and investment ties with Africa, as a delegation led by the Federation of Saudi Chambers visits Mauritania and Morocco. This initiative aims to explore investment opportunities and promote Saudi economic interests within Africa, aligning with the Kingdom's Vision 2030 strategy.

Trade with Mauritania reached SR119 million, predominantly through Saudi exports. With Morocco, trade totaled SR5 billion, indicating significant room for growth. The mission emphasizes broadening Saudi-Mauritanian economic ties and unveils potential investment avenues in Morocco as noted by a 13% import share.

A joint Saudi-Mauritanian business forum, alongside key representatives from the Ministry of Industry and Mineral Resources and the Saudi Fund for Development, seeks to establish firm economic bonds and foster long-term partnerships in various sectors.