Saudi Arabia to finance Moroccan military industry to the tune of $22 billion


Saudi Arabia will apparently grant Morocco $22 billion to help finance its military industry, according to reports. The money will be invested through 2019.

On 16 December, Arabic daily Al-Massae reported that Saudi Arabia agreed to the funding following the signing of a military and technical cooperation agreement between the two countries’ armed forces.

Minister Delegate to Morocco’s Head of Government for the administration of National Defense, Abdellatif Loudiyi, met in Rabat with Muhammad bin Abdullah Al Ayesh, Saudi Deputy Defense Minister, reports Maghreb Arab Press (MAP).

Saudi Arabia will provide military intelligence to Morocco and help establish it as a weapons manufacturer. Morocco has attracted foreign aerospace and defence companies, with Bombardier, Airbus, Safran and Thales opening facilities or offices in the North African country.