Among other things, the agreement aims to coordinate the efforts of Morocco and Saudi Arabia to improve the sustainability of the tourism sector.
Morocco and Saudi Arabia signed a Memorandum of Understanding (MoU) on Thursday to strengthen bilateral tourism cooperation.
The two countries aim to strengthen tourism cooperation through the MoU to help the sector attract more investments. The Memorandum of Understanding was signed in Marrakech on the occasion of the 117th Executive Council of the World Tourism Organization (UNWTO).
According to an official statement mentioned in convergent news sources, the agreement aims to "strengthen collaboration in the tourism sector and synchronize efforts to ensure the sustainable development of the tourism business in both nations."
The Memorandum of Understanding addresses issues of sustainability, investment in the sector and the exchange of experiences between the Gulf Kingdom and Morocco.
The Moroccan Minister of Tourism, Crafts and Social and Solidarity Economy, Fatim-Zahra Ammor, said about the signing of the agreement: "This Memorandum of Understanding between Morocco and the Kingdom of Saudi Arabia illustrates a common vision between the two countries and marks a point turning point in our cooperation in the tourism sector."
According to Ammor, the agreement "will lead to new cooperation efforts, exchange of experiences and best practices, and will allow both countries to promote their tourism sectors and thus realize their potential in this field."
For his part, the Saudi Minister of Tourism, Ahmed Al-Khateeb, highlighted that both countries have a "shared commitment" to preserve their rich cultural and natural heritage, while placing young talents at the center of growth plans. .
«Sustainability is key to Saudi Arabia's tourism aspirations. By collaborating with like-minded partners like Morocco, we seek to expand the sector in the region and the world to make tourism more sustainable, inclusive and resilient for people and communities,” he said.
Saudi Arabia is one of Morocco's main international investors. Saudi Arabia's foreign investments in Morocco reached $26.6 million in 2020.
The Gulf country's interests in North Africa focus mainly on real estate, agriculture and tourism.