The Saudi side in the Saudi Moroccan Business Council discussed during a meeting at the Saudi Chambers Council headquarters in Riyadh today, chaired by Mohammed bin Fahd Al-Hammadi, Chairman of the council, the plan for the next phase of the current 2016- 2019 term to contribute to enhancing investment and commercial cooperation ties in what would achieve the Kingdom's vision 2030 which calls for increasing the rate of direct foreign investments to the world rate of 5.7% and augmenting the rate of exports to at least 50% of the non-oil gross domestic product. Addressing the meeting, Al-Hammadi called for doubling the efforts that would lead to intensifying the visits of businessmen, holding of exhibition, exchanging of investment-related information between the two countries, and, in particular, work to establish a direct maritime line, an investment fund for supporting small and medium enterprises, and instigating export-oriented industries. The council, then, discussed preparations to hold the next round of the council in Riyadh in April 2017 as well as a visit of the Saudi business delegation to Morocco in February 2017.
