Business Climate in Morocco One of Best in Arab world

Casablanca – Morocco’s business climate is one of the best in the Arab world, Mohamed Fahd Al-Hamadi, president of the Moroccan-Saudi Business Council, said.Speaking at a meeting with members of the Moroccan-Saudi Business Council, Al-Hamadi stressed that the Kingdom of Morocco offers a favorable business climate for foreign investments given its political, economic and financial stability.Welcoming the quality of bilateral relations between the two kingdoms, Al-Hamadi noted that Morocco and Saudi Arabia, which enjoy strong economic potential, endeavor to increase trade exchanges between the two countries in all fields. Tackling the issue of maritime transport, which remains an obstacle to import-export operations for some products, he said that to remedy this situation, the two sides are studying to open a maritime line between the two kingdoms which should boost the volume of bilateral trade.

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