JEDDAH: Saudi Arabia and Morocco have signed an agreement to encourage and protect mutual investments, aiming to safeguard investors’ rights and boost cross-border capital flows as the two nations strengthen economic cooperation.
The deal was signed in Rabat by Saudi Investment Minister Khalid Al-Falih and Moroccan Minister of Economy and Finance Nadia Fettah Alaoui during the Saudi minister’s official visit to the North African nation.
This comes amid growing economic relations, with trade between the two countries reaching SR5 billion ($1.33 billion) in 2024. Saudi exports accounted for SR4.3 billion, while imports stood at SR640 million.
In a post on its official X account, the Saudi Ministry of Investment said both ministers signed “an agreement to encourage and protect mutual investments between the two Kingdoms, to strengthen the economic partnership between them, safeguard investors’ rights, and support the flow of investments in various sectors.”
Under the agreement, the two countries committed to creating a stable and transparent environment for investors. It guarantees fair and equitable treatment, freedom to transfer funds, and protection against expropriation without fair compensation. The pact also enables investors to seek international arbitration in the event of disputes
