Mining sector: signing of a memorandum of understanding between Morocco and Saudi Arabia

Morocco and Saudi Arabia have taken a significant step in strengthening their collaboration in the mining sector by signing a memorandum of understanding during the third meeting of ministers in charge of mining affairs in Riyadh. The document, signed by the Moroccan Minister of Energy Transition and Sustainable Development, Leila Benali, and the Saudi Minister of Industry and Mineral Resources, Bandar bin Ibrahim Al-Khorayef, aims to intensify bilateral cooperation in the fields of industry and mines, as well as to promote the exchange of experiences and expertise. The two parties discussed investment opportunities in the mining sector of both countries, taking into account the growing global demand for mineral resources. The signing of this memorandum underscores the commitment of both nations to exploit the potential of the mining sector and to promote international cooperation in this field. The Future Minerals Forum event in Riyadh, bringing together 79 countries, including Morocco, provides a platform for international collaboration in the production of strategic minerals, highlighting promising opportunities in the mining region extending from Africa to West and Central Asia.