Saudi Arabia, Morocco Contribute 40% of Global Phosphate Fertilizer Production

The Saudi Minister of Industry and Mineral Resources, Bandar bin Ibrahim Al-Khorayef, stressed the importance of the Moroccan experience, to be a major partner in major mining projects.

Al-Khorayef added that the Kingdom and Morocco are distinguished by enormous phosphate wealth, and together they contribute more than 40 percent of the global production of phosphate fertilizers.

During his speech in Casablanca, Morocco, at a round table meeting with investors and businessmen, Al-Khorayef explained Saudi Arabia’s national industrial strategy. It focuses on key sectors like sustainable industries, food security, pharmaceuticals, and military industries, leveraging the Kingdom’s competitive advantages such as oil and gas.

Additionally, it capitalizes on Saudi Arabia’s strategic geographical location, enabling access to important markets including Africa. The strategy also encompasses future-oriented industries such as car batteries, renewable energy, and space-related sectors.

Al-Khorayef also emphasized the importance of industrial integration between Saudi Arabia and neighboring Arab countries. He highlighted the National Strategy for Industry’s efforts to develop this through identified paths. He also noted Saudi Arabia’s incentives and facilities for investors in industrial and mining sectors.

The meeting witnessed the participation of Moroccan government officials, the president of the Moroccan Enterprise Federation, in addition to the heads of Moroccan federations, and major investors in industrial and mining companies.

The round table meeting is part of the Minister of Industry and Mineral Resources‘ current official visit to Morocco. He is accompanied by his Deputy for Mining Affairs, Engineer Khaled bin Saleh Al-Mudaifer. The session is being held from the 4th to the 6th of this month.

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