Morocco eyes new Saudi deals in automotive, pharma sectors, says minister  

Morocco is close to joining the club of the world’s top 5 countries producing the value chain for electric vehicle batteries, according to what Moroccan Minister of Industry and Trade, Riad Mezzour. AL-EQTISADIAH
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Updated 25 November 2025
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Morocco eyes new Saudi deals in automotive, pharma sectors, says minister  

RIYADH: Morocco is close to joining the club of the world’s top 5 countries producing the value chain for electric vehicle batteries, according to what Moroccan Minister of Industry and Trade, Riad Mezzour, told Al-Eqtisadiah. 

He explained that his country currently manufactures 40 percent of the battery’s value locally, with the complete chain, including the precursor, cathode, anode, separator, and battery management system, set to be finalized by the end of next year. 

Integration with Saudi Arabia  

The Moroccan Minister of Industry and Trade, speaking on the sidelines of the second day of the UN Industrial Development Organization conference in Riyadh, stated that his country does not consider Egypt and Saudi Arabia as competitors, but rather as partners in regional integration, while the real competition lies with India and China. 

He added that Moroccan production costs are lower than China's and close to India’s, with the goal of achieving the best global cost by increasing the local integration rate to 80 percent by 2030. He noted that 87 percent of Moroccan exports are manufactured products. 

New Saudi-Morocco deals 

According to the Moroccan minister, discussions are underway to expand cooperation in the automotive industry, along with projects in pharmaceuticals, furnishings, and phosphates, expecting new agreements to be signed soon. 

Mezzour confirmed the existence of strong partnerships with Saudi Arabia, particularly in renewable energy and heavy industries such as aluminum and metals. 

Mezzour said that the value of industrial transactions in Morocco amounts to $90 billion annually, led by the automotive industry, which produces one million cars per year with a local integration rate reaching 69 percent. 

He indicated that automotive production capacity will rise to 1.5 million, then 2 million cars before 2030, supported by the expansion of industrial investments and the localization of suppliers. 

Aviation revenues hit $2.8bn 

Morocco comprises 150 companies in the aviation sector with revenues of €2.5 billion ($2.8 billion), employing 26,000 engineers and technicians, with expectations for this number to triple within 5 years. 

He revealed a strategic project to produce 350 engines for the “Airbus A320 Neo” annually, representing a significant percentage of the global production of 1000 engines per year, a level achieved by only 4 or 5 countries worldwide. 

He pointed out that there are hundreds of projects in Morocco besides battery projects, including green hydrogen, renewable energy, phosphates and fertilizers, food, pharmaceutical, electronic industries, and metals. 


Saudi Arabia’s cultural sector is a new economic engine between Riyadh and Paris, says ambassador

Updated 25 January 2026
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Saudi Arabia’s cultural sector is a new economic engine between Riyadh and Paris, says ambassador

RIYADH: Culture has become a fundamental pillar in bilateral relations between France and Saudi Arabia, according to the French Ambassador to the Kingdom, Patrick Maisonnave.

Maisonnave noted its connection to the entertainment and tourism sectors, which makes it a new engine for economic cooperation between Riyadh and Paris.

He told Al-Eqtisadiah during the opening ceremony of La Fabrique in the Jax district of Diriyah that cultural cooperation with Saudi Arabia is an important element for its attractiveness in the coming decades.

La Fabrique is a space dedicated to artistic creativity and cultural exchange, launched as part of a partnership between the Riyadh Art program and the French Institute in Riyadh. 

Running from Jan. 22 until Feb 14, the initiative will provide an open workspace that allows artists to develop and work on their ideas within a collaborative framework.

Launching La Fabrique as a space dedicated to artistic creativity

The ambassador highlighted that the transformation journey in the Kingdom under Vision 2030 has contributed to the emergence of a new generation of young artists and creators, alongside a growing desire in Saudi society to connect with culture and to embrace what is happening globally. 

He affirmed that the relationship between the two countries is “profound, even cultural par excellence,” with interest from the Saudi side in French culture, matched by increasing interest from the French public and cultural institutions unfolding in the Kingdom.

Latest estimates indicate that the culture-based economy represents about 2.3 percent of France’s gross domestic product, equivalent to more than 90 billion euros ($106.4 billion) in annual revenues, according to government data. The sector directly employs more than 600,000 people, making it one of the largest job-creating sectors in the fields of creativity, publishing, cinema, and visual arts.

Saudi Arabia benefiting from French experience in the cultural field

Maisonnave explained that France possesses established cultural institutions, while Saudi Arabia is building a strong cultural sector, which opens the door for cooperation opportunities.

This comes as an extension of the signing of 10 major cultural agreements a year ago between French and Saudi institutions, aiming to enhance cooperation and transfer French expertise and knowledge to contribute to the development of the cultural system in the Kingdom.

He added that experiences like La Fabrique provide an opportunity to meet the new generation of Saudi creators, who have expressed interest in connecting with French institutions and artists in Paris and France.

La Fabrique encompasses a space for multiple contemporary artistic practices, including performance arts, digital and interactive arts, photography, music, and cinema, while providing the public with an opportunity to witness the stages of producing artistic works and interact with the creative process.