Saudi Arabia targets Moroccan agricultural sector

According to official sources quoted by “Asharq Al-Awsat”, the Federation of Saudi Chambers (FSC) has submitted a proposal to the Saudi government to explore the possibility of investing in the agricultural sector of the 10 Arab countries, including Morocco.

This proposal includes a complete and detailed list of agricultural investment opportunities in Morocco, Mauritania, Tunisia, Oman, United Arab Emirates, Egypt, Qatar, Iraq and Sudan.

Investment opportunities in Morocco include a project relating to the cultivation of fruits and vegetables, as well as some projects in the agri-food sector, notably the production of concentrated juices and jams, the Saudi Arabic-language newspaper reported on Sunday (July 31st).

In addition to investing in regional agricultural companies, the same source continues, the FSC has also offered Saudi companies to partner with an international agricultural startup specializing in the production of hybrid seeds.

Specific criteria have been set for the projects in which the Arab Authority for Agricultural Investment and Development will invest in the future with the aim of selecting projects that correspond to its strategy, Asharq Al-Awsat points out.

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Alexandra Hartman Editor-in-Chief

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