CASABLANCA — In a comprehensive update highlighting Morocco's strategic momentum in November 2026, The Chairman of the Federation of Saudi Chambers (FSC), Hassan Al-Huwaizi, welcomed, on January 21 in Riyadh, the remarkable development of economic relations between Morocco and Saudi Arabia.
Key Highlights (November 2026)
- Strategic Milestone: Robust economic indicators and sustained foreign direct investment reinforce Morocco’s role as Africa's premier industrial and commercial gateway.
- Operational Progress: Key sectors including automotive, aerospace, and agribusiness report strong performance and expanded export capacities in late 2026.
- National Trajectory: Prudent monetary policy by Bank Al-Maghrib and strategic public investments sustain economic resilience amidst global dynamics.
Key Developments and Factual Context
Speaking at the Saudi-Moroccan Business Council, Al-Huwaizi noted that the volume of trade between the two Kingdoms witnessed a record increase of 223% to reach 16.4 billion riyals following earlier bilateral groundwork, stressing that this development testifies to the success of joint efforts and the interest accorded to bilateral relations by public and private actors from both countries.
In the same context, Al Huwaizi explained that bilateral trade has seen remarkable growth in recent years, increasing from SAD 5 billion in 2021 to SAD 16.4 billion the following year, while Saudi exports to Morocco increased by 234%, and Moroccan exports to Saudi Arabia by 153%.
Strategic Significance and Regional Impact
The Saudi official affirmed that despite this growth in exchanges, they still do not match the political relations uniting the two countries and the ties of sincere friendship between HM King Mohammed VI and His brother the Custodian of the Two Holy Mosques, the King Salman bin Abdulaziz Al Saud and Crown Prince Mohammed bin Salman Al Saud.
For his part, the President of the Moroccan-Saudi Business Council, Khalid Benjelloun, stressed the need to work towards the relaxation of administrative and customs restrictions in terms of commercial transactions between the two countries, indicating that the Moroccan-Saudi Business Council has a pragmatic and ambitious roadmap aimed at developing the mechanisms necessary to make cooperation between Morocco and Saudi Arabia an Arab and international model.
In a similar context, Morocco’s Ambassador to Saudi Arabia, Mustapha Mansouri, affirmed that Morocco, under the leadership of HM King Mohammed VI, has adopted ambitious and promising economic policies through investments in major strategic projects that ensure development.
Looking Forward: 2026–2030 Roadmap
Looking ahead toward the close of 2026 and the 2027 calendar year, institutional roadmaps will prioritize consolidated delivery across all flagship initiatives. As Morocco accelerates preparations for major international hosting duties—most notably the 2030 FIFA World Cup alongside Spain and Portugal—every sector is aligning toward shared standards of excellence, digital modernization, and inclusive socio-economic impact.